QUESTION $3$

$10$ points

$"$As an oil refiner, you are able to produce $$60$ worth of unleaded gasoline from one barrel of Alaska North Slope $($ANS$)$ crude oil. Because of its lower sulfur content, you can produce $$50$ worth of unleaded gasoline from one barrel of West Texas Intermediate $($WTI$)$ crude. Another oil refiner is offering to trade you $19000$ bbl of Alaska North Slope $($ANS$)$ crude oil for $17000$ bbl of West Texas Intermediate $($WTI$)$ crude oil. Assuming you currently have $17000bbl$ of WTI crude, the added benefit $($cost$)$ to you if you take the trade is closest to $.$ Note: Express your answers in strictly numerical terms. For example, if the answer is $$500,$ write enter $500$ as an answer."

QUESTION $4$

$10$ points

"You own $600$ shares of Newstar Financial stock, currently trading for $550$ per share. You are offered a deal where you can exchange these stocks for $200$ shares of Amback Financial Group stock, currently trading at $$600$ per share. What is the value of this trade, if you choose to make it$?$ Note: Express your answers in strictly numerical terms. For example, if the answer is $$500,$ write enter $500$ as an answer."

QUESTION $8$

$10$ points

$"$If the interest rate is $6\%,$ the $1-$year discount factor is equal to example, if the answer is $5\%,$ enter $0\mathrm{.}05$ as an answer."

$.$ Note: Express your answers in strictly numerical terms. For