Q. Was there a regulatory issue with the proposed merger of AOL Time Warner? Illustrate what was it? Discuss the potential problem that you see. Illustrate what agency would be responsible for it?
Q. A gasoline distributor buys a gasoline futures contract that requires acceptance of 42,000 gallons of gasoline at $0.94 per gallon. Explain how the account marked-to-market is if gasoline futures close the next day at $0.97