The delta of a call option on a non-dividend-paying stock is 0.4. What is the delta of the corresponding put option?

Answers

Answer 1

Answer:

the delta of the corresponding put option is -0.6

Explanation:

Since it is given that that the delta of a call option is 0.4

So, the delta of the corresponding put option is

As we know that

Delta of the put option = Delta of a call option - 1

= 0.4 - 1

= -0.6

Hence, the delta of the corresponding put option is -0.6

We simply applied the above formula so that the correct value could come

And, the same is to be considered


Related Questions

On January 1, Sustainable Energy Corporation issues bonds that have a $100,000 par value, mature in 8 years, and pay 12% interest per year. Interest payments are paid to bondholders semiannually on June 30 and December 31. How much interest does Sustainable Energy Corporation pay to bondholders every six months if the bonds are sold at par?

a. $1,200
b. $3,000
c. $6,000
d. $12,000
e. $100,000

Answers

Answer:

c. $6,000

Explanation:

The semiannual interest payable to bondholders every six months is computed using the semiannual coupon payment formula below:

semiannual coupon payment=face value*coupon rate*6/12

face value of the bonds=$100,000

coupon rate=12%

6/12 symbolizes a six-month payment

semiannual coupon payment=$100,000*12%*6/12

semiannual coupon payment=$100,000*6%

semiannual coupon payment=$6,000

The $6,000 would be every 30 June and 31 December for 8 years during the bonds' life

Crane Company sells 50000 units for $10 a unit. Fixed costs are $350000 and net income is $100000. What should be reported as variable expenses in the CVP income statement?

Answers

Answer:

Variable expenses = $50,000

Explanation:

Given:

Sales price = 50,000 x $10 = $500,000

Fixed costs = $350,000

Net income = $100,000

Find:

Variable expenses

Computation:

Variable expenses = Sales price - Fixed costs - Net income

Variable expenses = $500,000 - $350,000 - $100,000

Variable expenses = $50,000

Explain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.

Answers

Answer:

The long and short-term consequences of not promoting equality or working to reduce poverty are:

1. the poverty gap widens, causing many more of the population to become poor while a few become richer.

2. extreme poverty becomes the norm, thereby hampering societal progress.

3. discrimination and social classes become oppressive.

Explanation:

Economic equality describes a situation that ensures that every individual in a society has an equal economic opportunity to make the most of their lives and talents by having some access to resources.  Equality reduces discrimination among certain groups of the population, especially those with protected characteristics such as race, disability, sex, and sexual orientation.  It ensures the fair distribution of natural resources among the population, according to their individual needs and capacity.  It does not mean sameness in social or economic status.

The following are the long and short-term implications of failing to promote equality or act to alleviate poverty:

1. The wealth disparity increases, forcing many more people to fall into poverty while a few get wealthier.

2. Extreme poverty has now become the norm, stifling societal advancement.

3. Social stratification and inequality become oppressive.

Learn more:

https://brainly.com/question/10031848?referrer=searchResults

talk about your experience as a leader of a team at school?

Answers

It was very good I lead them army of students at a football team

Answer:

ehhh its pretty lame ngl

Explanation:

but its also fun lol

The role of the 12 Federal Reserve banks is to:

A. establish new Federal Reserve districts.
B. appoint the Federal Reserve Board of Governors.
C. set monetary policy for the United States
D. enforce federal rules on member banks.

Answers

Answer: D - Enforce federal rules on member banks

Explanation:

Just took the test

The role of the 12 Federal Reserve is to enforce federal rules on member banks. hence, Option D is correct.

What do you know about Federal Reserve?

The United States of America's central banking system is called the Federal Reserve System.

The creation of Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized power in the monetary system to prevent financial crises following a string of financial panics.

hence,  The role of the 12 Federal Reserve is to enforce federal rules on member banks. Option D is correct.

Learn more about Federal Reserve:

https://brainly.com/question/25817380

#SPJ5

Several alternatives are under consideration to enhance security at a county jail. Since the alternatives serve different areas of the facility, all that are economically attractive will be implemented. Determine which one(s) should be selected, based on a B/C analysis using an interest rate of 7% per year and a 10-year study period.

Extra Cameras (EC) New Sensors(NS) Steel Tubing (ST) Access Control (NS)
First Cost, $ 38,000 87,000 99,000 61,000
M & O, $/year 49,000 64,000 42,000 38,000
Benifits $/ year 110,000 160,000 74,000 52,000
Disbenefits, $/year 26,000 21,000 32,000 14,000

Answers

Answer:

The only two projects that actually yield a positive benefit are extra cameras (EC) and new sensors (NS). Since you have to decide based on which project yields the highest return, then you should choose extra cameras (EC) since its IRR is 92% which is the highest.

Explanation:

we have to determine the NPV of each project:

Extra cameras:

initial outlay = -$38,000

net benefit per year (for the 10 year period) = $110,000 - $26,000 - $49,000 = $35,000

NPV = $207,825

IRR = 92%

New sensors:

initial outlay = -$87,000

net benefit per year (for the 10 year period) = $160,000 - $21,000 - $64,000 = $75,000

NPV = $439,768

IRR = 86%

Steel tubing:

initial outlay = -$99,000

net benefit per year (for the 10 year period) = $74,000 - $32,000 - $42,000 = $0

NPV = -$99,000

Access controls:

initial outlay = -$61,000

net benefit per year (for the 10 year period) = $52,000 - $14,000 - $38,000 = $0

NPV = -$61,000

Behavioral economists contend that the traditional economic framework always accurately depicts human behavior. a. True b. False

Answers

Answer:

False

Explanation:

In simple words, Behavioral economics assume they have defined human actions as logical, constant self, and logically consistent which is inconsistent with the paradigm of individuals as mentioned in theories of traditional economics. Thus, from the above we can conclude that the given statement is incorrect.

A bank issues 200 pesos, against which it holds assets of $40 cash, plus bonds worth 60 pesos. On backing theory principles, how many pesos will it take to buy $1?

Answers

Answer:

3.5

Explanation:

Calculation for how many pesos will it take to buy $1

Using this formula

Number of Pesos=Pesos issued by bank-Bond/Asset

Let plug in the formula

Number of Pesos=200 -60 /$40

Number of Pesos=140/40

Number of Pesos=3.5

Therefore the number of pesos it will take to buy $1 will be 3.5

Under the liquidity premium theory the shape of the yield curve depends on:_________

a. the relative return of investments in common stocks versus investments in corporate bonds.
b. the size of the federal government's budget deficit.
c. government tax treatment of long-term versus short-term bonds.
d. the expected pattern of future short-term rates and the size of the term premium at each maturity.

Answers

Answer:

Option d: The expected pattern of future short-term rates and the size of the term premium at each maturity

Explanation:

Liquidity premium theory is simply said to be a form of or the interest rate on a long-term bond that will equal an average of short-term interest rates expected to be in existence/ Occurrence in the overall the life of the long-term bond plus a liquidity premium that answers(responsed) to supply and demand conditions for that bond.

Term structure is regarded or said to be the relationship between interest rates and the yeild to maturity, where risk of default is held constant.

A decline in U.S. wealth would tend to cause: _____________

a. long-run aggregate supply to increase.
b. aggregate demand to increase.
c. short-run aggregate supply to increase.
d. long-run aggregate supply to decrease.
e. aggregate demand to decrease.

Answers

Answer: e. aggregate demand to decrease

Explanation:

A decline in U.S. wealth would tend to cause aggregate demand to decrease. Demand is defined as the amount of goods and services that one can buy at a certain price and at a given time.

When an economy is made up of wealthy individuals, the aggregate demand for that economy tends to increase due to the fact that such individuals have the purchasing power and hence can afford to buy whatever they want.

When there's a reduction in wealth, this will result into a reduction in aggregate demand as the people won't have much fund to make purchases like before.

Travis Brown deposited $17,500 into Browning Bank, which pays 4% compounded quarterly. Calculate how much Travis will have in his account at the end of seven years. (Round your answer to the nearest cent.)

Answers

Answer:

Travis will have $23,122.59 in his account at the end of seven years

Explanation:

Future value is the compounded value calculated using a specific time and specific rate too.

To calculate the balance after seven years use the following formula

Future value = Present value x ( 1 + periodic interest rate )^numbers of periods

Where

Future value = Balance after 7 years = ?

Periodic interest rate = 4% x 3/12 = 1%

Numbers of periods = 7 years x 12/3 = 28 periods

Placing values in the formula

Balance after 7 years = $17,500 x ( 1 + 1% )^28

Balance after 7 years = $23,122.59

WGU manufacturing receives an order for 2000 laptops. Karl, the production planner, realizes the company has no planned orders and has 1500 laptops on-hand. However, Karl has to keep a minimum of 1000 laptops on-hand at all times. Based on this information, what will the MPS reflect for the number of laptops to be produced?

Answers

Answer:

500

Explanation:

The computation of the MPS reflect for the number of laptops to be produced is shown below:

since it is mentioned in the question that there is a minimum of 1,000 laptop is on hand so here 500 should from inventory.

Therefore 500 should be produced for filling the order

Hence, the same is to be considered

Therefore the  number of laptops to be produced is 500

Suppose the economy is initially in long-run equilibrium and producing at the full employment level of output. Then, a giant storm temporarily shuts down all shipping routes in the Atlantic Ocean. In the short run, the_______ will shift ______ .

a. SRAS curve
b. right SRAS curve
c. left LRAS curve
d. right LRAS curve
e. left AD curve

Answers

Answer: SRAS curve; Left

Explanation:

In the short run, the Short Run Aggregate Supply Curve will shift to the left to show that supply has now reduced as all the shipping routes have been shut down on account of the storm and nothing can cross.

This will change the price of goods and services in the economy as things will become more expensive due to the short term scarcity caused by the shipping halt.

If the Semi Monthly is $4,000
A) How much is the Annual?
B) How much is the Bi Weekly?
C) How much is the Monthly Pay?
D) How much is the Weekly Pay?
E) How much is the Hourly Pay?

Answers

Answer:

um im not for sure but i think its D

Explanation:

What action would you recommend Silvio take with respect to the transfer pricing and sourcing problems with European plants?

Answers

Answer:

It is imperative to note that since the european plants cost of processing are getting higher with time , it could be given to other companies who could process it at a lower cost.

Silvio then needs to to get their cooperation and go with his team members to conduct a one-on-one negotiation to speed up the process and ensure more experience for members of his team.

When an oligopoly market reaches a Nash equilibrium:_______

a. a firm will have chosen its best strategy, given the strategies chosen by other firms in the market.
b. the firms will not have behaved as profit maximizers.
c. a firm will not take into account the strategies of competing firms.
d. the market price will be different for each firm

Answers

Answer:

Option A: A firm will have chosen its best strategy, given the strategies chosen by other firms in the market.

Explanation:

Oligopoly Market os simply a type of Markets with only a few sellers, each offering a product similar or identical to the others. if and when, how oligopolists do not have the opportunity to collude, once they have reached the Nash equilibrium, it it is always in their best interest to leave their quantities supplied unchanged.

​Oligopolists are always best off, in terms of their profits brings about a total quantity of output that falls short of the Nash-equilibrium total quantity.

When an oligopoly market reaches a Nash equilibrium: A firm will have chosen its best strategy, given the strategies chosen by other firms in the market. Thus, option A is the correct option.

In a Nash equilibrium, each firm in the oligopoly has selected its optimal strategy, considering the strategies chosen by other firms. At this point, no firm can unilaterally deviate from its chosen strategy and improve its position.

Each firm is maximizing its own profit based on the actions of its competitors. This equilibrium is reached when all firms in the oligopoly have made their strategic decisions, and there is no incentive for any firm to change its strategy unilaterally.

Therefore, option A accurately describes the situation in a Nash equilibrium.

Learn more about oligopoly here:

https://brainly.com/question/33554231

#SPJ6

In the long run, with a floating exchange rate, changes in _____ will have an impact on the real exchange rate.

a. the U.S. money supply only
b. the foreign country's money supply only
c. both the U.S. money supply and the foreign country's money supply
d. neither the U.S. money supply nor the foreign country's money supply

Answers

Answer:

d. neither the U.S. money supply nor the foreign country's money supply

Explanation:

The main advantage of a floating exchange rate is that the real exchange rate is always balanced. This happens because the balance of payments is also balanced. E.g. if net exports start to increase, domestic currency will appreciate, resulting in higher domestic prices, which will balance the real exchange rate.

A project has an initial cost of $2,400. The cash inflows are $0, $1,600, $1,100, and $700 over the next four years, respectively. What is the payback period?

Answers

Answer:

It will take 2.73 years to cover the initial investment.

Explanation:

The payback period is the time required to cover the initial investment:

Year 1= 0 - 2,400= -2,400

Year 2= 1,600 - 2,400= -800

Year 3= 1,100 - 800= $300

To be more accurate:

(800/1,100)= 0.73

It will take 2.73 years to cover the initial investment.

A machine which cost $400,000 is acquired on January 1, 2017. Its estimated salvage value is $100,000 and its expected life is five years.

Required:
Calculate depreciation expense and complete the following schedules for 2017 and 2018 for each of the following methods.

A. Straight Line Depreciation
B. Sum of the Years Digits

Answers

Answer and Explanation:

The computation of the depreciation expense for 2017 and 2018 under the following methods

a. Straight-line method

= (Purchase cost - residual value) ÷ (estimated life)

= ($400,000 - $100,000) ÷ (5 years)

= $60,000

Since the depreciation expense under this method would remain the same for the remaining useful life

So for 2017 and 2018, the depreciation expense i.e. $60,000 would be charged every year.

b. Under the sum-of-the-year-digits method

For 2017,

= ($400,000 - $100,000) × 5 years ÷ ( 5 + 4 + 3 + 2 + 1)

= $300,000 × 5 years ÷ 15 years

= $100,000

For 2018, the book value is

= $400,000 - $100,000

The $100,000 is the depreciation expense of 2017 year

= $300,000 × 4 ÷ 15

= $80,000

An employer will do a 50% match on your investment to a 401k retirement plan. If you decide to contribute a monthly amount of $220, how much should be in the account after 15 years

Answers

Answer:

There will be $92,635.42 in the account after 15 years.

Explanation:

Missing question "The interest rate is fixed at 2.05%"

As the employer does a 50% match on the employee’s investment, the monthly contribution to the retirement plan will be = 2 * $220 = $ 440.

The future value (F) of an annuity is given by F = (P/r)[(1+r)n-1]

P is the periodic payment

r is the rate per period

n is the number of periods.

P = 440, r = 2.05/1200 and n = 15*12 = 180.

F = (440*1200/2.05)[ (1+2.05/1200)180 -1]

F = (528000/2.05)*0.359664042

F = 92635.4215493

F = $92635.42

Thus, there will be $92,635.42 in the account after 15 years.

Expenses and losses that are added back to net income because they do not actually use cash of the the company.

Answers

Answer and Explanation:

As we know that the expenses and losses contains the normal debit balance. At the time when they added back to the net income as they do not use the company cash so it would be shown in the non-cash charges or expenses as it is a non-cash expense because of not using the company cash

Therefore the same is to be considered

Discuss the need for change for the company in the scenario using either the systems contingency model or the organizational life cycle model

Answers

Answer: This various phases helps the growth of organizations at some point or the other

Explanation:

The need for a change in the company scenario in her contingency plan looks at how the company can improve in the ways they've been carrying out her activities compared to before. Here are the following stages to this model;

1)Growth through being creative; this is the initial phase of the organization with an informal and young structure.

2) Growth through leadership; this phase has to deal with the structure of the organization and how various department and professionals function

3 Growth by delegation; This phase looks at responsibility on sectional heads of the organization performing to accomplish goals.

4)Growth through coordination- This phase involves making use of inventory tracking systems

5) Growth through collaboration- this phase looks at an organization to being flexible in relation to the previous phase.

What other factors, aside from cost, affect our personal purchase choices?


a) Other people's opinions of us
b) Our individual personality
c) Popular trends
d) All of these

Answers

Answer:

d

Explanation:

Required: 1-a. Calculate the future value at the end of three years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)

Answers

Answer: $2,398.55

Explanation:

The deposit at the end of year one would have been compounded by 2 years at the end of year 3. The second year deposit would have compounded by 1 year and the third year deposit would not have compounded at all.

The future value at the end of 3 years is;

= (500 * ( 1 + 11%)²) + (750 * ( 1 + 11%)) + 950

= $2,398.55

The question might not be the exact same but you can use this as a reference.

Assuming a current ratio of 1.0 and an acid-test ratio of 0.75, how will the purchase of inventory with cash affect each ratio?
a. Increase the current ratio and increase the acid-test ratio.
b. No change to the current ratio and decrease the acid-test ratio.
c. Decrease the current ratio and decrease the acid-test ratio.
d. Increase the current ratio and decrease the acid-test ratio.

Answers

If a company has  current ratio of 1.0 and an acid-test ratio of 0.75, the purchase of inventory with cash affect each ratio by: b. No change to the current ratio and decrease the acid-test ratio.

What is current ratio and acid-test ratio?

Current ratio is caluculated as current assets /current liabilities while acid-test ratio is calculated as current assets-inventories/current liabilities.

Both current ratio and acid- quick ratio are important for a business as they help to determine the ability of a company  to pay  their short-term liabilities.

Inconlusion the current ratio should remian unchange while the acid-test ratio should be reduce.

Learn more about current ratio and acid-test ratio here:https://brainly.com/question/8550900

Answer:

B

Explanation:

The purchase of inventory with cash will impact each ratio differently if a corporation has a current ratio of 1 and an acid-test ratio of 0.75.

The Susan Hansen Group in St. George, Utah, sells $16,000,000 of single-family homes and townhomes a year. If single-family homes, with an average selling price of $250,000, sell 3.5 times more often than townhomes, with an average selling price of $190,000, how many of each are sold?

Answers

Answer:

52.605 family homes are sold

Explanation:

Let townhomes be x. The selling price is x(190,000). Family home has 3.5, more often than townhomes is 3.5x. The selling price is 3.5x(250,000). A year of single family homes and townhome are sells 16,000,000

3.5x(250,000) =x(190,000) = 16,000,000

875,000x + 190,000x = 16,000,000

1,065,000x = 16,000,000

x = 16,000,000 / 1,065,000

x = 15.03

So, 15.03 townhomes are sold

Hence, the family homes is 3.5x

3.5x = 3.5(15.03)

= 52.605

Therefore, 52.605 family homes are sold

Which is NOT a type of written communication used in the business world?

A. Letters and emails
B. Brochures and advertisements
C. PowerPoints and memos
D. All of the above ARE used in the business world
I'll mark Brainliest

Answers

Answer:

D) All of the above

Explanation:

This because, Letters and emails are written ways to communicate with co-workers, friends, & family, brochures and advertisements are ways to communicate your idea or business production to other people to see and buy, powerpoints are ways to show a visual of what your product is and present it in a professional manner., and memos are written messages to help you remember something that's you would later present or use during business.

1. Consider an economy with a population of 100,000 households. 60 percent of households reportan annual income of $25,000 ("low earners"), 30 percent of households report an annual incomeof $70,000 ("mid earners"), and 10 percent report an annual income of $110,000 ("high earners").(a)[2 pts]What is the total income earned by households in this economy?

Answers

Answer:

The total income earned by households in this economy is:

$4,700,000,000

Explanation:

a) Data and Calculations:

Household population = 100,000

Low earners = 60% with annual income of $25,000 each

Mid earners = 30% with annual income of $70,000 each

High earners = 10% with annual income of $110,000 each

60% of the population = 60,000 (100,000 * 60%) households

30% of the population = 30,000 (100,000 * 30%)  households

10% of the population = 10,000 (100,000 * 10%)  households

Total income earned by the households:

Low earners = 60,000 * $25,000 =      $1,500,000,000

Mid earners = 30,000 * $70,000 =         2,100,000,000

High earners = 10,000 * $110,000 =        1,100,000,000

Total income earned in the economy $4,700,000,000

Say the reserve requirement is 20 percent. If you pay back a loan of $10,000 a bank had previously made to you, the act of paying back the loan:_______

a. adds $10,000 in bank reserves.
b. eliminates $2,000 in bank reserves.
c. eliminates $10,000 in bank reserves.
d. adds S2,000 in bank reserves.

Answers

Answer:

a. adds $10,000 in bank reserves.

Explanation:

Given that

Reserve requirement is 20%

Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves

Therefore as per the given situation, the option a is correct

And, the same is to be considered

Thus, all the other options are incorrect

Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.

Depreciation $1,400 per month
Advertising $200 per month
Insurance $3,680 per month
Weed and feed materials $13 per lawn
Direct labor $16 per lawn
Fuel $3 per lawn

Blossom charges $80 per treatment for the average single-family lawn.

Required:
Determine the company.

Answers

Answer:

Break-even point = 110 lawns & Break-even sales point = $8,800

Explanation:

Total fixed costs = Depreciation + Advertising + Insurance

Total fixed costs = 1,400 + 200 + 3,680

Total fixed costs = $5280/month

Total variable cost per unit = Weed + Direct labor + Fuel

Total variable cost per unit = 13 + 16 + 3

Total variable cost per unit = $32/lawn

Contribution margin ratio = (Sales per unit - variable cost per unit) / sales per unit

Contribution margin ratio = (80 - 32) / 80

Contribution margin ratio = 0.6

Contribution margin ratio = 60%

Break-even sales = Fixed costs / contribution margin ratio

Break-even sales = $5280 / 60%

Break-even sales = $8800

Break-even sales units = Break-even sales / sales per unit

Break-even sales units = 8800 / 80

Break-even sales units = 110 lawns

Break-even point = 110 lawns & Break-even sales point = $8,800

Other Questions
The AMIA, or the American Medical Informatics Association, is the professional organization for the field of health informatics. False True Stacy owns a hair salon and haircuts are $10. She charges hairdressers $20 per hour to rent a chair and serve clients. What is the minimum number of haircuts ahairdresser should give per hour to earn money at Stacy's salon?TwoThreeFourFive what expression does the model show i will give brainliest help asap Find the value of log100,000 HELP ME WHAT IS THE ANSWER FOR Divide 758,908 72 and indicate the remainder, if any. Use long division. Sustituye cada nmero por su numeral-Mi primo cumple 15aos el 2deenero.- Mis padres viven en el 7piso del portalnmero 10En una carrera de 20corredores, Luislleg en nmero 6es decir, ocup el 6puesto.- Tengo 3 euros y no puedo ir al cine porqueme cuesta 2ms.CAN SOMEONE PLEASE HELP ASAP!! . The equation = can be used to find how many hours h a person needs to work to earn $200 at $8 per hour. How many hours does a person need to work to earn $200? can somebody please help me omg im so dumb Why did fighting break out between American Indians and the US Army in the Black Hills region? Select all that apply. Gold was discovered in the Black Hills on land belonging to the Sioux. Miners and settlers demanded that the government take more land from the American Indians.The government tried to confine to reservations American Indians in the region. The government insisted on protecting Sioux lands and halting settlement. Which of the following did NOT form a geographic barrier to trade with Africa?O widespread diseases such as malaria and sleeping sicknessWide oceansO The Sahara Desert.O Few navigable rivers or harbors. What was similar between the type of resistance displayed by Box Brown and Harriet Tubman? Explain why geographers study the 5 themes of Geography 6) What is the purpose of the final four stanzas?A)It symbolically mirrors the knight's inner conflict.B)The refrain echoes stanza 1, thus providing muchneeded unity.C)It allows the speaker in stanza 1 to return andprovide closure.D)The knight finally answers the question posed in thebeginning of the poem. Which of the following led to the breakup of the Standard Oil trust?A. A book by a muckraking journalistB. A new type of fossil fuelC. The Great DepressionD. World War I What do you do when you feel like no one notices you, like your family and friends? What should you do in this situation? Idenify each statement below as either oxidation or reduction. 1. F + e- ----> F-2. 2I- ----> I2 + 2e- What tests can be used to diagnose phenylketonuria?Select all that apply.- saliva tests- blood tests- allergy tests- genetic tests What did the White crown look like in the Egyptians A recipe says it produces the best sweet tea. In addition to using tea bags, the recipe calls for 1/2 cup of sugar for every 1 1/2 cups of water. Write an equation that shows the relationship between the number of cups of sugar to the number of cups of water in this recipe. Let x represent the number of cups of sugar and y represent the number of cups of water The concentration of dichlorodiphenyltrichloroethane (DDT - an infamous pesticide) in Lake Michigan has been declining exponentially over many years. In 1971, the DDT concentration was 13.00 ppm (parts per million). In 1984, the DDT concentration was 2.22 ppm.Using these data points, determine the exponential decay function to model the DDT concentration decline in terms of years, tt, where t=0t=0 represents the year 1971.A) Write your function as y = Ce^{rt}y=Ce^rt. Round your value of rr to four decimal places. B) Another way to write the function down is known as the half-life formula, written as y = C(0.5)^{t/H}y=C(0.5)^t/H, where HH is the time required for the concentration to get cut in half. Using the initial two data points, find the value of HH, rounded to 2 decimal places. Show all Algebraic work. C) The goal was to reduce the DDT concentration to 0.98 ppm by 1995. Was this possible according to your model?