Joe Sends Sanjay an Offer Via Email from His Toronto

question 13

Multiple Choice

Joe sends Sanjay an offer via email from his Toronto office.The offer contains a provision indicating that the offer expires at 5:00 p.m.Toronto time.Sanjay, who lives in Vancouver, replies and accepts Joe's offer at 4:00 p.m.Vancouver time.Joe receives Sanjay's email acceptance at 9:00 a.m.the next day.Which of the following statements is true? (Note the three-hour time difference between Toronto and Vancouver.)

• A)Joe's offer had expired.
• B)A binding contract had been formed, once Joe opened Sanjay's email acceptance the next day.
• C)Once Sanjay sent the email, a binding contract had been formed regardless of what time Joe received the email.
• D)Joe and Sanjay had a binding contract, since Sanjay had accepted by 4:00 p.m.Vancouver time.

Distinguish between systematic and unsystematic risks, including examples and their significance in portfolio management.

Comprehend how economic announcements influence expected returns and the importance of surprise elements.

Understand the role of variance and standard deviation in measuring the dispersion of returns for investments.

Recognize the factors influencing the expected return of a portfolio, including weights based on probability, investment amount, and systematic risk.

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Definitions:

Glycogen

A complex carbohydrate stored in the liver and muscles, which serves as a primary form of energy storage in the body.

Starch

A carbohydrate consisting of a large number of glucose units, serving as a major energy source in the diet.

Monosaccharides

The simplest form of carbohydrates, consisting of single sugar molecules like glucose and fructose.

Fructose

A simple sugar found in honey and fruits that is sweeter than glucose and often used as a sweetener.