Adjusting his portfolio to meet his target asset allocation

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1. Deuce has been adjusting his portfolio to meet his target asset allocation, and has realized several capital gains and losses this year.

- -$13,000 in short-term capital gains

- -$9,000 in short-term capital losses

- -$4,000 in long-term capital gains

- -$7,000 in long-term capital losses

What is Deuce's net gain or loss?

2. ST Trucking signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year from today, and $1.4 million two years from today. When ha the contract worth today at a discount rate of 8.7%?

A. $3783648.48

B. 2108001.32

C. 3480817.37

D. 3202840.91

E. 3202223.89

Reference no: EM131322260

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