Which one of the following statements is TRUE? a. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost. b. An example of an agency cost is when the board of directors pays a dividend to shareholders. c. An agency cost is the reduction in firm value due to agency conflicts. d. An example of an agency cost is when an attorney hires an expert witness for a trial. e. An agency cost is the wage required to pay someone who is hired to perform a service

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2