Another essentially identical beachfront parcel becomes available for sale at a minimum price of $592,500. The fourth parcel will or will not be sold, because no one, megan, susan, Raphael will purchase it from the seller for at least the minimum price.

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?