This Mini Case Study can be found in your textbook in Chapter $8($p$.369).$ Please review the case and then answer questions a$-$c using the attached excel spreadsheet.

Assume that you have just been hired as a financial analyst by Triple Play Inc., a midsized California company that specializes in creating high$-$fashion clothing. Because no one at Triple Play is familiar with the basics of financial options, you have been asked to prepare a brief report that the firm$$s executives can use to gain a cursory understanding of the topic.

To begin, you gathered some outside materials on the subject and used these materials to draft a list of pertinent questions that need to be answered. In fact, one possible approach to the report is to use a question$-$and$-$answer format. Now that the questions have been drafted, you have to develop the answers.