{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_222m4w6bamtv6dctrmr5s","dataset_version":"task1-v4","question":"Use exact arithmetic. Current capital is C=221805.75 USD and required capital is R=293670 USD. Define shortfall=max(R-C,0). Compute the shortfall in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed capital difference before the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_shortfall_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_22fssfijtudmqkacxy252","dataset_version":"task1-v4","question":"A company has current assets of 153 and current liabilities of 1975/28 in USD millions. It plans a cash-funded non-current-asset purchase of 29, which reduces current assets by the purchase amount. The required current ratio is one plus the ratio 0.4. Determine the maximum additional short-term borrowing that can be added to both cash and current liabilities while exactly meeting the required current ratio. Report the result in USD millions, rounded to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute current assets remaining after the planned non-current-asset purchase","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"post_purchase_assets_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_22llune4f3br6mnr35pis","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Gross income in USD is 253. Standard deduction in USD is 302. Flat tax ratio is 0.4. Taxable income is the larger of gross income minus deduction and zero. Tax equals taxable income times the ratio. Round only the final tax half up to two decimals. Report taxable income.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report taxable income.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"taxable_income_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_23an3zdwszbc7fnpqojo4","dataset_version":"task1-v4","question":"Conditional on one modeled fraud event, exactly one of three mutually exclusive and exhaustive loss states occurs. The minor state has probability 0.2. Conditional on the minor state not occurring, the moderate state has probability 0.5; otherwise the severe state occurs. Their gross fraud losses are 98, 196, and 394 USD, and the account reimburses fractions 0.35, 0.6, and 0.4. Compute actual expected reimbursement across the three states. Then form a scenario-specific flat-rate benchmark by applying the probability-weighted mean reimbursement rate uniformly to expected gross loss. Report actual expected reimbursement minus that benchmark in USD. A positive result means state-specific rates allocate more expected reimbursement to higher-loss states than the flat-rate benchmark, while a negative result means less. This is a loss-severity alignment diagnostic, not an industry, adequacy, premium, or actuarial benchmark. Use exact arithmetic and round the final amount half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the probability-weighted moderate-state gross loss.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"moderate_weighted_loss_checkpoint"},{"description":"Report the probability-weighted severe-state gross loss.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"severe_weighted_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_26t5bg2ictyetevpeb3uy","dataset_version":"task1-v4","question":"A fictional regulatory announcement has a locally supplied signed price impact and requires no external facts. The initial asset price is 1019 USD and the impact is 1 percent, where negative means a decline and positive means an increase. Convert the impact to a ratio, add one, and multiply by the initial price. What is the resulting price in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed impact ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"impact_ratio_trace"},{"description":"Exact price multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"price_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2bzd55tqxhmkkqbittgmo","dataset_version":"task1-v4","question":"Use exact arithmetic. Total deal value is 158704500 USD and the cash portion is 57.25 percent. Convert the cash percentage to a ratio and multiply it by total deal value to obtain the cash consideration.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Cash percentage as an exact ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_2em4ib7qnlsffamiokpcg","dataset_version":"task1-v4","question":"Two segments use one planning period and currency. Segment A has revenue 981, pre-shared-cost pre-tax profit margin 0.46875, and tax rate 0.2. Segment B has revenue 490, pre-shared-cost pre-tax profit margin 0.5, and tax rate 0.3. These margins are after all segment-specific operating costs but before allocating one shared deductible cost pool of 101. Allocate fraction x of that pool to A and the complementary fraction to B exactly once. In this fictional planning scenario, each tax rate is applied to the resulting positive pre-tax profit and no claim is made about actual tax or transfer-pricing rules. What percentage x of the shared cost pool must be allocated to A so the two after-tax profit margin ratios are equal? Use exact arithmetic and round only the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the shared cost pool as a ratio of Segment A revenue.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"segment_a_shared_cost_burden_ratio_checkpoint"},{"description":"Report the shared cost pool as a ratio of Segment B revenue.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"segment_b_shared_cost_burden_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2fj6f2wc3dz67kstnl5ik","dataset_version":"task1-v4","question":"A portfolio worth 98 faces market shock ratio 0.2 with loss sensitivity 0.308, plus liquidity shock ratio 0.005 applied directly to portfolio value. The institution expects to recover ratio 0 of the combined gross loss. Compute the net reserve required after subtracting the recoverable amount from gross stress loss.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market stress dollar loss","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"market_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_2fmqri5eekvmfs4pkn43c","dataset_version":"task1-v4","question":"Use exact arithmetic. Procurement spends are 105 and 111 USD million, procurement reduction is 14 percent of combined spend, and fixed annual IT savings are 20 USD million. Procurement savings equal combined procurement spend times the savings-rate ratio. Add fixed IT savings to obtain total annual savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual procurement spend.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Annual procurement savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_ton_co2e"},"case_id":"t1_2ggyp2vmmf5k3l5yzqdjk","dataset_version":"task1-v4","question":"Treat one carbon credit as covering one ton of CO2e. A company has internal abatement capacity 203 tons of CO2e and commits to utilization 0.5. Mobilizing internal abatement costs 989.5 USD, plus 19 USD for each ton internally abated. Compute the carbon-credit price in USD per ton of CO2e at which buying credits for the same planned abatement quantity costs exactly as much as internal abatement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_ton_co2e` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the internally planned reduction quantity","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"tons_co2e"},"slot_id":"planned_abatement_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_2h33ohc4sfqtc7tdl2iye","dataset_version":"task1-v4","question":"A portfolio is worth 196, but only share 0.5 is exposed to one factor. The exposed portion has signed sensitivity 1. Determine the signed factor shock required to produce target portfolio value change -205, and report that shock as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the factor-exposed portfolio value","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"exposed_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_2j6vcogfditbz3fslkzou","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual supply-chain spend is 796 and 764 USD million, annual cost reduction is 16 percent, the savings horizon is 12 years, annual discount rate is 11 percent, and up-front integration cost is 188 USD million. The disclosed horizon is exactly 3, 4, or 5 years. Annual saving equals combined spend times the reduction-rate ratio. For each year t from 1 through the disclosed horizon, discount that same annual saving by dividing it by one plus discount rate to power t. NPV savings equal the exact sum of those discounted amounts. Net NPV benefit equals NPV savings minus integration cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact recurring annual supply-chain saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Exact NPV of recurring savings for the selected horizon.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2leaqgz4hwj2bl6tm77bk","dataset_version":"task1-v4","question":"A fictional exchange uses a local listing-fee rule. Its current fee is 1023 USD, the disclosed increase is 98 percent, and a fixed filing supplement of 1 USD is also added. Convert the percentage to a ratio. The total increase equals current fee times that ratio plus the supplement. What is the total increase in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted fee increase ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"increase_ratio_trace"},{"description":"Variable portion of the increase.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"percentage_increase_trace"}]}}
{"answer_spec":{"allowed_values":["Bond A","Bond B","Neither"],"type":"enum"},"case_id":"t1_2m2e4aqw25hkyredlbyuo","dataset_version":"task1-v4","question":"Compare two bonds over a common holding horizon and valuation date. Bond A has expected redemption cash 98, aggregate coupon cash 21.0459, clean price 102.982, settlement cost 0.5, and modified duration 7. Bond B has expected redemption cash 99, aggregate coupon cash 22.62176, clean price 109.864, settlement cost 3, and modified duration 5. Each settlement cost is all acquisition cash beyond the clean quote, including accrued interest and fees where applicable; do not add those amounts again. Both durations use the same acquisition-date convention and basis. For each bond, define total received cash as redemption plus aggregate coupons, total acquisition outlay as clean price plus settlement cost, and holding-period return as (total received cash minus total acquisition outlay) divided by total acquisition outlay. A bond qualifies only if its exact holding-period return is at least the exact ratio 0.05 and its modified duration is at most 6. Return the qualifying bond with the higher exact return, choose Bond A on an exact tie, or return Neither when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Bond A`, `Bond B`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Bond A total acquisition outlay","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"a_outlay_checkpoint"},{"description":"Report Bond B total acquisition outlay","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"b_outlay_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2oddldrw5n7cc4vvsqjb2","dataset_version":"task1-v4","question":"A green bond has principal 28109 USD, a whole-dollar amount from 10000 through 30000 inclusive, and an annual coupon yield of 5.22 percent, an exact decimal from 3.00 through 7.00 inclusive with at most two decimal places. It compounds annually for 5 years, an integer from 1 through 3 inclusive. A tax credit equal to 13.07 percent of exact compound interest applies, with an exact credit rate from 5.00 through 15.00 inclusive and at most two decimal places. Compute net benefit as compound interest plus the tax credit, excluding return of principal. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"interest_earned_trace"},{"description":"Exact tax credit on interest.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"tax_credit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_2p7jxf5ruvcfmxvjo37y2","dataset_version":"task1-v4","question":"An asset has original cost 27739/375 in USD millions. Under straight-line depreciation, 0.75 of its depreciable life has elapsed. Determine the residual value that would produce a target carrying amount of 3697/75 at that point. Report the result in USD millions, rounded to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Recover accumulated depreciation from cost and target carrying amount","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"implied_depreciation_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2qo73ablqa6d5jdwyi3ps","dataset_version":"task1-v4","question":"A transfer of 153 USD may use Network A or Network B. Compute both candidate route receipts before applying the routing rule. Network A deducts fee ratio 8999/30000 and then fixed fee 6 USD. Network B deducts fee ratio 0.4, then fixed fee 9 USD, and finally increases the post-fee amount by bonus ratio 0.4. Using unrounded intermediate amounts, use Network A if its net receipt is at least 94 USD, including exact equality; otherwise use Network B. What net receipt is selected? Carry all arithmetic exactly and round only the selected receipt half up to two decimal places in USD.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Network B's receipt after its proportional fee and before its fixed fee and bonus.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"network_b_after_ratio_fee_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2qsrspxc5gnpiaedbnjv4","dataset_version":"task1-v4","question":"Conditional on one modeled fraud event, exactly one of three mutually exclusive and exhaustive loss states occurs. The minor state has probability 0.2. Conditional on the minor state not occurring, the moderate state has probability 0.5; otherwise the severe state occurs. Their gross fraud losses are 102, 196, and 406 USD, and the account reimburses fractions 0.24984375, 0.6, and 0.4. Compute actual expected reimbursement across the three states. Then form a scenario-specific flat-rate benchmark by applying the probability-weighted mean reimbursement rate uniformly to expected gross loss. Report actual expected reimbursement minus that benchmark in USD. A positive result means state-specific rates allocate more expected reimbursement to higher-loss states than the flat-rate benchmark, while a negative result means less. This is a loss-severity alignment diagnostic, not an industry, adequacy, premium, or actuarial benchmark. Use exact arithmetic and round the final amount half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the probability-weighted moderate-state gross loss.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"moderate_weighted_loss_checkpoint"},{"description":"Report the probability-weighted severe-state gross loss.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"severe_weighted_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2rohxnmeeupe3edo4iyik","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial revenue is R=257225.25 USD and the downturn is d=18 percent, with 0<=d<=100. Compute new revenue=R*(1-d/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact remaining revenue ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"remaining_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2scdbu32pivaonfyxdsrs","dataset_version":"task1-v4","question":"Start with USD 2479. The exact conversion rates are 4 units of currency A per USD, 2 units of currency B per unit of A, and USD 0.25 per unit of B. Convert USD to A, A to B, and B back to USD by multiplication, then compute ending USD minus starting USD. Generated inputs produce whole intermediate currency counts; use no fees or intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Currency A units after trade one.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"foreign_a_trace"},{"description":"Currency B units after trade two.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"foreign_b_trace"},{"description":"USD after completing the cycle.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_usd_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_2upnvr4xji4mahyhpilnq","dataset_version":"task1-v4","question":"A fictional local dataset contains 15 influential tweets. Their signed average polarity is 13/17 and the engagement weight is 1 percent. Treat the count as a dimensionless integer, convert engagement to a ratio, and multiply count, polarity, and engagement ratio. What is the tweet-based dimensionless sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted engagement ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"engagement_ratio_trace"},{"description":"Polarity-weighted tweet total.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"polarity_total_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_2uzv3jjiwsvwygxulrvao","dataset_version":"task1-v4","question":"A campaign receives 243048 impressions, a click-through rate of 6 percent, a per-click conversion rate of 4 percent, average revenue of USD 91 per sale, and costs USD 2809. The supplied exact rates produce whole expected click and sale counts. Compute clicks = impressions x CTR/100, sales = clicks x conversion/100, revenue = sales x average sale value, and ROI = (revenue - spend)/spend x 100 percent. Do not truncate or round intermediates.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact whole expected click count.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"expected_clicks_trace"},{"description":"Exact whole expected sale count.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"expected_sales_trace"},{"description":"Expected campaign revenue.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"campaign_revenue_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_2ve7ogjulw6g3bxzwv4sm","dataset_version":"task1-v4","question":"Two post-merger initiatives are evaluated over the same first-year horizon without assuming independence. The cost-synergy initiative has marginal success probability 0.75 and contributes 21 USD millions whenever it succeeds. The revenue-synergy initiative has marginal success probability 0.55 and contributes 11 USD millions whenever it succeeds. In this scenario, the cost-synergy probability is strictly higher than the revenue-synergy probability and their sum exceeds one. If both initiatives succeed, incremental benefit 9 USD millions is earned beyond the standalone benefits. Unconditional integration cost is 3 USD millions, and required expected net benefit is 25 USD millions. Do not assume a dependence structure. Solve for the joint success probability needed to meet the target. The Fréchet lower bound is the revenue-synergy probability minus the cost-synergy failure probability, the upper bound is the revenue-synergy probability, and the band width is the cost-synergy failure probability. Report the percentage of this feasible band consumed above its lower bound by the required joint success probability. Zero percent is the lower bound, one hundred percent is the upper bound, and a result above one hundred percent is infeasible under the stated marginals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the gross expected benefit required before the integration cost is deducted","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"gross_requirement_checkpoint"},{"description":"Compute the lower feasible joint success probability from the ordered marginals","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"frechet_lower_bound_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_2vhqeflyl6yukmhkk5wsa","dataset_version":"task1-v4","question":"Under the fictional scenario assumptions stated here, an investor has 41 direct long shares, 89 shares attributed through related holdings, and derivative notional equivalent to 63.7575 shares with exposure delta 0.4. The investor also has 102 shares of offsetting short exposure. The issuer has 2441 shares outstanding. Multiply derivative reference shares by delta, add all long exposure, subtract the short hedge, divide the signed result by shares outstanding, and convert the ratio to a percentage. Report the derivative-equivalent shares independently using half-up rounding to two decimal places, and report the net economic exposure percentage using independent half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report delta-adjusted derivative-equivalent shares.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"slot_id":"derivative_equivalent_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_2vvpkoxrgchyfk4q2z44e","dataset_version":"task1-v4","question":"Current assets are 44676 USD, including inventory of 21140 USD, and current liabilities are 22593 USD. Assume inventory is the only non-quick current asset. Compute quick ratio = (current assets minus inventory) / current liabilities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current assets excluding inventory.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_2vwiwjratjovydv7aji2a","dataset_version":"task1-v4","question":"A fictional token has market capitalization of 979 USD and 1177830 token units in circulation. Divide market capitalization by supply. What is the price per token in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2yjpyaop7ywpd2hybz3ac","dataset_version":"task1-v4","question":"A wallet makes a current transfer of 885 USD after prior transfers of 102 USD and 204 USD. Its rolling-window whale threshold is 978 USD. For a concentrated single-transfer check, this threshold is reduced by haircut ratio 0.2499995, so the single-transfer threshold is the rolling threshold times (1-single-threshold haircut ratio). The wallet's total activity over the monitoring horizon, including all three transfers, is 1314 USD. Compute current-transfer concentration as current transfer divided by total activity. If it is at least 0.65, including exact equality, report the current transfer's excess over the haircut-adjusted single-transfer threshold; otherwise report the three-transfer total's excess over the unadjusted rolling threshold. Use exact arithmetic for threshold adjustment, concentration, and branch selection, and round only the final USD excess half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the retained fraction used to derive the concentrated-transfer threshold.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"single_threshold_retention_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_2zhcolkw5bqayxcceb5d6","dataset_version":"task1-v4","question":"Use exact arithmetic. The three annual EPS observations are 3, 5, and 4 USD per share, the target payout ratio is 36 percent, last year's dividend per share was 1.8 USD, the adjustment speed is 31 percent, and shares outstanding are 2272501. Average the three EPS values exactly. Target dividend per share equals average EPS times payout ratio. New dividend per share equals last dividend per share plus adjustment speed times the target gap. Multiply the exact new dividend per share by shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact arithmetic mean of the three EPS observations.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_1"},{"description":"Exact smoothed dividend per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_33hmke3t6w7fswxxdcyek","dataset_version":"task1-v4","question":"Measure all wealth per 1 USD of original initial notional. A managed portfolio starts with equity weight 0.5 and the complementary bond weight. During period 1, equity and bonds grow by factors 0.5 and 1. At the midpoint, the advisor deducts a fixed advisory charge equal to 0.1 of original initial notional entirely from the bond side. The portfolio is then below its equity target. The advisor buys equity and pays transaction fee rate 0.1 on the purchase, also from the bond side. Solve the purchase so equity equals its target fraction of wealth after both midpoint charges. During period 2, equity and bonds grow by factors 2.5209 and 2. Compare managed terminal wealth with a fee-free unmanaged buy-and-hold benchmark that retains the original equity and bond positions through both periods, performs no midpoint rebalance, and pays neither midpoint charge. Report managed wealth minus benchmark wealth as a percentage of original initial notional. A positive result favors the managed path. Growth factors are wealth multipliers, not return rates. Use exact arithmetic and round the final percentage half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the period-1 equity value per unit of original notional.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_1_equity_value_checkpoint"},{"description":"Report the period-1 bond value per unit of original notional.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_1_bond_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_34vo3n7ecnlho2fsgk432","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Gross income in USD is 254. Standard deduction in USD is 101. Itemized deduction in USD is 203. Flat tax ratio is 0.4. Chosen deduction is the larger deduction. Taxable income is the larger of gross income minus chosen deduction and zero. Tax equals taxable income times the ratio. Round only the final tax half up to two decimals. Report chosen deduction and taxable income.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report chosen deduction.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"chosen_deduction_usd"},{"description":"Report taxable income.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"taxable_income_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_354zfelsyfugezupsuery","dataset_version":"task1-v4","question":"Use exact arithmetic. Baseline capital is B=227317.75 USD and risk appetite is a=26 percent. Compute threshold=B*(a/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact appetite ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_3aipvkpjzoryvi4jkvmq4","dataset_version":"task1-v4","question":"Under this scenario-defined mean-variance score, Asset A has portfolio weight 0.3 and Asset B receives the complementary weight. Their return volatilities are 0.25 and 0.2. A risk engine supplies base weighted covariance cross-term contribution 0.002 and stress contribution 0.01125; each already equals twice the product of both portfolio weights and the regime covariance. Use the stress contribution when 0.8 is at least 0.4, and otherwise use the base contribution. Portfolio variance is the sum of the two squared weight-scaled volatilities and the selected contribution. The score equals portfolio excess return minus 1.2 times variance. What total portfolio return makes this score equal 0.05 when the risk-free rate is 0.02? Report a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the first asset's weighted volatility.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_volatility_a_checkpoint"},{"description":"Report the second asset's weighted volatility.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_volatility_b_checkpoint"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"case_id":"t1_3anmv45cx2s2gpfyuvkgo","dataset_version":"task1-v4","question":"A buyer has a hard budget of 2271 USD, an integer from 1000 through 5000 inclusive. Each indivisible carbon credit costs 12 USD, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. This task guarantees that the budget is exactly divisible by the unit price. The buyer may purchase only whole credits and may not exceed the budget. Compute the maximum whole number of credits as N = floor(I/P). Because the guaranteed quotient is an integer, floor(I/P) = I/P. Use exact arithmetic and do not round.\n\nAnswer format: return only the exact numeric value interpreted in `credits`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3aovewuqmiemnkatskyt2","dataset_version":"task1-v4","question":"Current assets are 368352 USD, including inventory 71244 USD and prepaid expenses 18502 USD. Current liabilities are 177426 USD and the target quick ratio is 1.5. Assume any added amount is a quick asset and liabilities do not change. Compute the minimum additional quick assets needed, floored at zero.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current quick assets.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Quick assets required at the target ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3ay5omblfodhikbelfzro","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Current budget in USD is 987. New project cost in USD is 0.04. Contingency ratio is 0.5. Contingency equals project cost times the ratio. Project requirement equals project cost plus contingency. Adjusted budget equals current budget plus project requirement. Round only the final amount half up to two decimals. Report contingency and project requirement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report contingency amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"contingency_usd"},{"description":"Report project requirement.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"project_requirement_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3brl3tsbqrf7r66c6l4x6","dataset_version":"task1-v4","question":"Current assets comprise cash 157852 USD, marketable securities 45086 USD, accounts receivable 120776 USD, inventory 78168 USD, and prepaid expenses 3964 USD. Current liabilities are 201226 USD and the minimum quick ratio is 2. Quick assets include only cash, marketable securities, and accounts receivable. If new quick assets do not change liabilities, compute the minimum additional quick assets needed, floored at zero.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current ratio from all current assets.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Current quick ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"},{"description":"Quick assets required at the minimum ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_3"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_3cie6bivfsoureoxzs7qy","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local multi-entity policy. Entity A ownership percent is 15.349. Entity B ownership percent is 9. Entity C ownership percent is 0. The aggregate threshold percent is 26. The single-entity threshold percent is 16. Add all three percentages and also find their maximum. Review is true when the aggregate is at least its threshold or the maximum is at least its threshold. Report the aggregate and maximum before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report aggregate ownership.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"aggregate_ownership_percent"},{"description":"Report largest ownership.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"largest_entity_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_3d5vawvis23xeixtwu3ay","dataset_version":"task1-v4","question":"A company forecasts net income of 131.958984375 and must first retain 31, with all monetary amounts in USD millions. Under this fictional internal policy, dividend authorization starts at 100% of distributable earnings and passes through exactly three sequential payout-ratchet stages. Each stage reduces the remaining authorized share by the same fraction t=0.2, so the policy limit is distributable earnings times (1-t)^3. The liquidity plan separately caps the cash dividend at 56. Determine the exact maximum total cash dividend satisfying both limits, then report it rounded half up to two decimals in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the authorized payout share remaining after one ratchet stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_payout_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3f4muujb675fozpjbyxsk","dataset_version":"task1-v4","question":"Start with USD 2380. The exact conversion rates are 3 units of currency A per USD, 3 units of currency B per unit of A, and USD 1 per unit of B. Convert USD to A, A to B, and B back to USD by multiplication, then compute ending USD minus starting USD. Generated inputs produce whole intermediate currency counts; use no fees or intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Currency A units after trade one.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"foreign_a_trace"},{"description":"Currency B units after trade two.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"foreign_b_trace"},{"description":"USD after completing the cycle.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_usd_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_3hbs2b5a5uqocfkbrbvfi","dataset_version":"task1-v4","question":"An account receives 2529 USD at the start of two equal phases, each lasting 8 whole annual compounding periods. The first-phase annual rate ratio is 0.1, the strictly higher second-phase rate ratio is 0.3, and 290 USD is added at the phase boundary. For a smoothed counterfactual, use the arithmetic mean of the two annual growth factors in both phases while preserving both contribution dates. Define initial-contribution drag as its smoothed terminal value minus its actual terminal value, and boundary-contribution uplift as its actual terminal value minus its smoothed terminal value. Divide each difference by the nominal, undiscounted sum of contributed cash, multiply the resulting decimal ratios once, and convert the product to percent. This is a bespoke scenario-defined product index, not a standard return, ROI, probability, causal-interaction measure, or recommendation. Use exact arithmetic and report two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the actual first-phase compound growth factor.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"first_phase_growth_checkpoint"},{"description":"Report the one-phase compound growth factor under the smoothed counterfactual.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"smoothed_phase_growth_checkpoint"}]}}
{"answer_spec":{"allowed_values":["capital_pass","capital_fail"],"type":"enum"},"case_id":"t1_3j42mq2dlsrml4dewkrwm","dataset_version":"task1-v4","question":"A portfolio worth 98 has available capital 7 and must retain at least 3. In the joint scenario, market shock ratio 0.05 with sensitivity 0.2 and credit shock ratio 0.05 with sensitivity 0.2 contribute linear loss rates, while their product times 1 contributes an interaction rate. In the alternative scenario, shock ratio 0.05 is squared and multiplied by 3. Convert each scenario rate to a dollar loss, use the larger loss, subtract it from available capital, and return capital_pass when the remaining capital meets the minimum or capital_fail otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `capital_pass`, `capital_fail`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the total joint-scenario loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"joint_rate_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3jdpqw2n2clb2n63rbrl6","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Gross income in USD is 248. Standard deduction in USD is 197. Itemized deduction in USD is 102. Flat tax ratio is 0.4. Chosen deduction is the larger deduction. Taxable income is the larger of gross income minus chosen deduction and zero. Tax equals taxable income times the ratio. Round only the final tax half up to two decimals. Report chosen deduction and taxable income.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report chosen deduction.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"chosen_deduction_usd"},{"description":"Report taxable income.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"taxable_income_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3k47dhg7bry2wj6mpqcpe","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=252950.25 USD, signed stress change is c=-0.0298 percent, and signed sensitivity is s=0.0298. Compute impact=V*(c/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed factor-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_3kdhhquz34gcrxkdmd22k","dataset_version":"task1-v4","question":"Revenue is 433786 USD and cost of goods sold is 300445 USD for the same period. Compute gross profit margin = (revenue minus cost of goods sold) / revenue, expressed as a percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Revenue less cost of goods sold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Gross profit divided by revenue.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"case_id":"t1_3ll27iytpji7jv7b6ozcu","dataset_version":"task1-v4","question":"For one reporting period, a company reports revenue of 50717 USD and cost of goods sold of 50765 USD. The amounts use the same period and currency, and cost of goods sold does not exceed revenue. Compute gross profit as revenue minus cost of goods sold.\n\nAnswer format: return only the exact numeric value interpreted in `usd`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["option_a","option_b","neither_option"],"type":"enum"},"case_id":"t1_3oaa3gm4vh24rdqm55llu","dataset_version":"task1-v4","question":"A company has current common EPS 0.5 and requires pro forma EPS of at least 0.8. Under this scenario, each financing option completes exactly three sequential common-share issuance stages. Option A adds total earnings of 1 per current share, and its per-stage share-base increase is 0.2345675; the same increase applies at each stage, so its cumulative share multiple is (1 + the ratio)^3. Option B analogously adds 0.5 per current share and uses per-stage increase 0.4 for cumulative multiple (1 + the ratio)^3. An option qualifies only if its exact pro forma EPS meets the floor. Return exactly `option_a`, `option_b`, or `neither_option`: select the qualifying option with the higher exact EPS, use `option_a` on an exact tie, and use `neither_option` if neither qualifies. This is a fictional three-stage financing scenario, not a general accounting rule.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `option_a`, `option_b`, `neither_option`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Option A share-base multiple after one issuance stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"a_one_stage_share_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_3ogroffcortpslex6ehjq","dataset_version":"task1-v4","question":"Apply the fictional scenario-local planning rule stated here, not current law or regulatory guidance. A bank begins with eligible capital 104.47928074, Tier 1 capital 56.064, risk-weighted assets 971, total exposure 489, high-quality liquid assets 45.6, and total net cash outflows 391, all in USD millions. The scenario supplies minimum capital ratio 0.06, capital buffer ratio 0.0400005, minimum leverage ratio 0.1, and minimum liquidity ratio 0.2 as decimal ratios. One dimensionless common stress activity x decreases eligible capital by 3*x and Tier 1 capital by 2*x, while increasing risk-weighted assets by 9*x, exposure by 9*x, reducing HQLA by 0.5*x, and increasing net cash outflows by 9*x. Each stress coefficient is the USD-million adverse change caused by one unit of x. Add the minimum capital ratio and buffer ratio to obtain k. Solve exactly for the positive x at which each constraint first binds: (starting_eligible_capital-k*risk_weighted_assets)/(eligible_capital_loss_per_stress_unit+k*risk_weighted_assets_increase_per_stress_unit), (tier_one_capital-minimum_leverage_ratio*total_exposure)/(tier_one_capital_loss_per_stress_unit+minimum_leverage_ratio*total_exposure_increase_per_stress_unit), and (high_quality_liquid_assets-minimum_liquidity_ratio*total_net_cash_outflows)/(hqla_loss_per_stress_unit+minimum_liquidity_ratio*net_cash_outflows_increase_per_stress_unit). Return the smallest of the three capacities as the maximum common stress activity allowed by all constraints, in stress multiples using half-up rounding to two decimals. Independently report k using half-up rounding to six decimals; use its exact unrounded value downstream.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined capital requirement ratio independently.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"combined_capital_requirement_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3osuxo3ob5zn3cfojpk7w","dataset_version":"task1-v4","question":"Use exact arithmetic. The three annual EPS observations are 2.04, 2.38, and 2.83 USD per share, the target payout ratio is 64 percent, last year's dividend per share was 1.1 USD, the adjustment speed is 59 percent, and shares outstanding are 2180777. Average the three EPS values exactly. Target dividend per share equals average EPS times payout ratio. New dividend per share equals last dividend per share plus adjustment speed times the target gap. Multiply the exact new dividend per share by shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact arithmetic mean of the three EPS observations.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_1"},{"description":"Exact smoothed dividend per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_3p5qcmfqxj7f3vsufqniw","dataset_version":"task1-v4","question":"An asset has original cost 71.72975 in USD millions. Under straight-line depreciation, 0.8 of its depreciable life has elapsed. Determine the residual value that would produce a target carrying amount of 39.5395 at that point. Report the result in USD millions, rounded to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Recover accumulated depreciation from cost and target carrying amount","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"implied_depreciation_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"years"},"case_id":"t1_3pc5qnpuyek5lmdp3pzxo","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local retirement calculation with no returns. Target savings in USD are 2555. Current savings in USD are 505. Annual saving in USD per year is 197. Funding gap is the larger of target minus current and zero. Divide the gap by annual saving. Fractional years are allowed and no ceiling is applied. Round only the final years half up to two decimals. Report the funding gap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `years` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report nonnegative funding gap.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"funding_gap_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_3pxelzj424lvmsy5ak7cg","dataset_version":"task1-v4","question":"Use exact arithmetic. Fixed annual savings identified at Company A are 10 USD million and those at Company B are 16 USD million. Add the two amounts to obtain total fixed annual savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_3qefblepnni2frng7u2po","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local AML policy. Transaction count is 10. Each transaction amount in USD is 491.05. The count trigger is 11. The amount ceiling in USD is 514. The count condition is true at or above the trigger. The amount condition is true strictly below the ceiling. Alert only when both conditions are true. Report both conditions and the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the count condition.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"count_trigger_met"},{"description":"Report the amount condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"amount_below_ceiling"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_3sqqtgg56ejxfag23ws6s","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan policy. Outstanding balance in USD is 255. Accrued interest in USD is 24. Penalty ratio is 0.1. Available cash in USD is 282.93. Penalty-waived flag is true. Scheduled penalty equals balance times penalty ratio, but effective penalty is zero when waived. Payoff due equals balance plus interest plus effective penalty. Surplus equals cash minus payoff due. Affordability is true at zero or positive surplus. Report effective penalty, payoff due, and surplus.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report effective penalty.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"effective_penalty_usd"},{"description":"Report payoff due.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"payoff_due_usd"},{"description":"Report signed cash surplus.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"cash_surplus_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_3t7eqh4rktryupqwo3lje","dataset_version":"task1-v4","question":"Use exact arithmetic. Exposure is E=329420.75 USD, threshold T=202720.25 USD, penalty rate r=8.5 percent, current capital C=231593.25 USD, minimum capital M=303059.98 USD, liquid assets A=162162.75 USD, and liquidity requirement Q=195180 USD. Define penalty=max(E-T,0)*(r/100), shortfall=max(M-C,0), gap=max(Q-A,0), and total=penalty+shortfall+gap. Compute total in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compliance penalty component.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"penalty_trace"},{"description":"Exact capital shortfall component.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"shortfall_trace"},{"description":"Exact liquidity gap component.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gap_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"days"},"case_id":"t1_3ulia7vzc7cxtutspgy3a","dataset_version":"task1-v4","question":"For a 365-day reporting year, a company reports annual cost of goods sold of 354780 USD, opening inventory of 48585 USD, and closing inventory of 48796 USD. Compute average inventory as the exact arithmetic mean of opening and closing inventory, compute inventory turnover as annual COGS divided by that exact average, and compute average days to sell as 365 divided by exact turnover. Do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `days` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact arithmetic mean of opening and closing inventory.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"average_inventory_trace"},{"description":"Exact inventory turnover retained for the final division.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"times_per_year"},"slot_id":"inventory_turnover_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_3v2pzyuge2snqwyidwqxq","dataset_version":"task1-v4","question":"Apply the fictional enforcement scenario stated here, not current law or regulatory guidance. The maximum total remedy is 198.96 USD, of which 19 USD is fixed interest. A gain-based penalty equals realized gain 102 USD multiplied by 3, while the alternative statutory floor is 152 USD. The pre-credit penalty base is the greater of those two amounts. A cooperation credit ratio c reduces that base to (1 - c) times the pre-credit amount. What cooperation credit percentage makes the credited penalty plus fixed interest equal the maximum total remedy? Report the cap amount available for penalty independently in USD using half-up rounding to two decimal places, and report the cooperation credit percentage using independent half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the cap amount available for penalty.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"penalty_cap_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_3wcxma6c2wtzwuevjhb6y","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital policy. Total capital in USD millions is 324. Current risk-weighted assets in USD millions are 1978. The RWA increase in USD millions is 975. Add current RWA and the increase, divide capital by new RWA, convert to percent, and compare with an inclusive 10.5 percent threshold. Report new RWA and exact capital percent before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report new RWA.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"new_rwa_usd_million"},{"description":"Report exact capital percent.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"new_capital_percent"}]}}
{"answer_spec":{"allowed_values":["low_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_4465ttxjninf2sadhh4zm","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance policy. Inherent risk score is 3. Control effectiveness ratio is 0. Incident score is 6. High-risk override is false. Residual risk equals inherent risk times one minus control effectiveness. Composite risk equals residual risk plus incident score. Return high_risk when composite risk is at least 8 or override is true; otherwise medium_risk when composite is at least 5; otherwise low_risk. High risk has precedence. Report residual and composite scores.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `low_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report residual risk.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"residual_risk_score"},{"description":"Report composite risk.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"composite_risk_score"},{"description":"Report high-risk trigger.","position":3,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"high_trigger"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_44byc34mmafzdhopmvc2k","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local investment calculation. Principal in USD is 255. Exact return ratio per period is 0.02. Positive integer period count is 16. Add one to the return ratio, raise the factor to period count, multiply by principal, and round only the final future value half up to two decimals. Report the period factor and compounded multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report period growth factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"period_growth_factor"},{"description":"Report compounded multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"compounded_multiple"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_44vxruy5wpoirjhupitpg","dataset_version":"task1-v4","question":"A fictional trade originally costs 2473 USD. A local regulation applies a total-cost multiple of 1.1 and also requires a minimum additional charge of 133 USD. Subtract one from the multiple, multiply by original cost to get the calculated additional cost, then take the larger of that amount and the minimum charge. What additional cost applies in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Increase portion of the regulation multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"increase_multiple_trace"},{"description":"Calculated additional cost before the minimum.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"calculated_cost_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_46e6pywda3gjnr5nbn5g2","dataset_version":"task1-v4","question":"Estimate a target company's levered equity beta from two equally weighted comparable companies using the zero-debt-beta Hamada convention. Comparable A has levered beta 0.696224, debt market value 2565 USD, common-equity market value 9804 USD, and marginal corporate tax rate 0.2. Comparable B has corresponding values 0.941616, 5938 USD, 12294 USD, and 0.2. The target has debt market value 4631 USD, common-equity market value 15232 USD, and tax rate 0.2. For each comparable, divide observed levered beta by [equity plus (one minus tax rate) times debt] divided by equity. Take the unweighted arithmetic mean of the two unlevered betas, then multiply by the target company's factor of the same form. Assume debt beta is zero, interest tax shields are fully usable and stable, all debt and equity values are contemporaneous market values, and the comparable betas use the same market benchmark and estimation period. Ignore preferred stock, hybrids, cash, non-operating assets, and other beta adjustments. Report the target levered beta using exact arithmetic, independently round the two checkpoints and final to four decimals with half-up rounding, and never feed displayed checkpoints into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report comparable A's tax-adjusted debt term used in its Hamada factor.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"comparable_a_tax_adjusted_debt_checkpoint"},{"description":"Report comparable B's tax-adjusted debt term used in its Hamada factor.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"comparable_b_tax_adjusted_debt_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_46peav33fytjrfxo3ty7s","dataset_version":"task1-v4","question":"At the reversal date, an asset's carrying amount before reversal is 86717 USD. Its carrying amount at that same date had no impairment ever been recognized would be 122625 USD. Evidence supports a proposed reversal of 39240 USD. Recognized reversal is the smaller of the proposed reversal and the nonnegative gap between the ceiling and current carrying amount. Compute the recognized reversal.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Unfloored gap to the unimpaired carrying ceiling.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Nonnegative reversal room under the ceiling.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_47323ugiu7df22nqodjgw","dataset_version":"task1-v4","question":"A financing principal of 28553 USD, a whole-dollar amount from 15000 through 30000 inclusive, compounds annually at 7.12 percent, an exact decimal from 4.00 through 8.00 inclusive with at most two decimal places, for 3 years, an integer from 2 through 4 inclusive. A sustainable-finance incentive reduces that annual rate by 0.66 percentage points, an exact decimal from 0.50 through 2.00 inclusive with at most two decimal places. The adjusted rate is the original rate minus the percentage-point discount and is guaranteed positive. Compute the reduction in compound interest as original interest minus adjusted-rate interest. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact original-rate interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"original_interest_trace"},{"description":"Exact adjusted annual percentage rate.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"adjusted_rate_trace"},{"description":"Exact adjusted-rate interest.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"adjusted_interest_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_4axt4rvmme43utikdxtw2","dataset_version":"task1-v4","question":"Use exact arithmetic. Overlapping operating costs are 246 and 240 USD million, the overlap reduction rate is 35 percent, and one-time integration cost is 97 USD million. Gross saving equals combined overlap cost times the reduction-rate ratio. Net cost reduction equals gross saving minus integration cost. A negative result represents a net first-period cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined overlapping operating cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Gross saving before integration cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4c3hjt7q4eraaezskyfbm","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Sale proceeds in USD are 2571. Cost basis in USD is 2926. Capital-gain tax ratio is 0.8. Taxable gain is the larger of sale proceeds minus cost basis and zero. Tax equals taxable gain times the ratio. Round only the final tax half up to two decimals. Report taxable gain.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report taxable gain.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"taxable_gain_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4d5655se22gn25zrq34d2","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=179876.25 USD; weights are w1=22 percent, w2=38 percent, and w3=39 percent; corresponding volatilities are s1=4 percent, s2=2.2 percent, and s3=1.3 percent; the supplied exact time-scaling scenario multiplier is t=2.4; and confidence is c=100 percent. The weights are guaranteed to sum exactly to 100 percent. Case ranges are V from 50000 through 200000; w1 and w2 from 20 through 40; w3 from 20 through 60; each volatility from 1 through 4; t from 1 through 11/5; and c from 90 through 99. Define weighted volatility S=(w1*s1+w2*s2+w3*s3)/100 percent and the disclosed heuristic confidence multiplier m=1+(100-c)/100, which is a stipulated scenario rule rather than a normal quantile. Compute VaR=V*(S/100)*t*m in USD with no intermediate rounding, then round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact weighted average volatility in percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_volatility_trace"},{"description":"Exact weighted volatility ratio used by the VaR calculation.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_ratio_trace"},{"description":"Exact disclosed heuristic confidence multiplier.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"confidence_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_4dvm5y3krvsildax2rt5g","dataset_version":"task1-v4","question":"Use exact arithmetic. Total deal value is 158290200 USD, debt financing is 46 percent, and equity shares are valued at 3954400 USD per share. Equity financing is the complement of the debt percentage. Basic shares equal equity financing value divided by share price. If and only if share price is strictly below 2000000 USD per share, adjusted shares equal basic shares times 1.05; at or above the threshold, adjusted shares equal basic shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Equity capital raised in the LBO.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Shares before any low-price bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4flwvumalwgtfj7jjrd64","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance policy. Base fine in USD is 2. Delay in whole days is 102. Daily penalty in USD per day is 0. Multiply delay by daily penalty, add base fine, and round only the final total half up to two decimals. Report delay penalty and exact unrounded total.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact delay penalty.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"delay_penalty_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_4ghn56bewcwqy7dcm54fu","dataset_version":"task1-v4","question":"A portfolio is worth 203, but only share 0.5 is exposed to one factor. The exposed portion has signed sensitivity 3. Determine the signed factor shock required to produce target portfolio value change 6.18, and report that shock as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the factor-exposed portfolio value","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"exposed_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4gjk3qwwaoolc2m35ywvs","dataset_version":"task1-v4","question":"Use exact arithmetic. Baseline capital is B=277833.25 USD and risk appetite is a=44.25 percent. Compute threshold=B*(a/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact appetite ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_4gs7si7dgfcjdu4m7tsgg","dataset_version":"task1-v4","question":"At the stated post-earnout measurement date, the acquirer's predeal common shares have aggregate reference equity value 14320 at one fixed contractual share price. Upfront base consideration is 5056, excluding the earnout; 0.2 of that base is paid in cash and the remainder in acquirer common shares. The target sellers retain all upfront shares through the measurement date. A fully realized earnout with settlement value 1943, incremental to the base consideration, is also settled entirely in common shares at the same unchanged price. Assume no other issuance, repurchase, disposal, option exercise, conversion, or price adjustment. Determine the target sellers' post-settlement percentage ownership of the common-share base.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report upfront consideration settled in acquirer common shares","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"upfront_stock_consideration_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4hpvjwpu4hunabj7skrog","dataset_version":"task1-v4","question":"A zero-coupon bond pays USD 2343 at maturity in 5 years. Its effective annual yield is 6 percent. Compute price = face value / (1 + yield/100)^years with exact arithmetic and no intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact maturity discount denominator.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"discount_denominator_trace"}]}}
{"answer_spec":{"allowed_values":["plan_a","plan_b","neither_plan"],"type":"enum"},"case_id":"t1_4hsn7z73yc5ctgyqmom3y","dataset_version":"task1-v4","question":"Compare two capital plans for a company with current debt 101 and current equity 98. Under this scenario's internal three-stage leverage-covenant ratchet, the permitted debt-to-equity ceiling starts at 1.00. At each stage the company reduces the remaining ceiling by the same fraction t=0.1999995, so the final shared ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general regulatory rule. Plan A adds borrowing 21 and equity 197. Plan B repays debt 9 and adds equity 101. A plan qualifies only when its exact post-transaction ratio does not exceed the final ceiling. Return exactly `plan_a`, `plan_b`, or `neither_plan`: select the qualifying plan with the lower exact ratio, use `plan_a` on an exact tie, and use `neither_plan` if neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `plan_a`, `plan_b`, `neither_plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the leverage ceiling remaining after one covenant-ratchet stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_leverage_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_4ijneg7itxhinzjep7fdy","dataset_version":"task1-v4","question":"A one-period binomial call has spot price USD 172 per share, strike USD 21, up multiplier 1, down multiplier 0.25, and one-period risk-free rate 2 percent. The supplied values satisfy up multiplier > 1 + rate/100 > down multiplier. Compute state prices, state payoffs max(S-K,0), risk-neutral q = [(1+r)-d]/(u-d), and call value = [q C_u + (1-q) C_d]/(1+r). Keep all steps exact.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Call payoff in the up state.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"up_payoff_trace"},{"description":"Call payoff in the down state.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"down_payoff_trace"},{"description":"Exact risk-neutral up probability.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"up_probability_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4ngrvbqgai6vgveg3jfbo","dataset_version":"task1-v4","question":"Before preferred distributions and a planned common-share issuance, earnings normalized per current common share are 4.81078375. The issuance increases the common-share base by ratio 0.2345675. To keep exact pro forma post-issuance EPS at or above 1.5, determine the maximum preferred-dividend allocation per current common share. Report the result in USD per current common share, rounded half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the post-issuance share-base multiple","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"dilution_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_4njn7yvihkcnadofalwym","dataset_version":"task1-v4","question":"Before conversion, total liabilities are 90084 USD and equity is 53363 USD. Convertible debt of 28806 USD is fully converted: liabilities decrease and equity increases by that same amount. Compute debt-to-equity after conversion.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Liabilities after conversion.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Equity after conversion.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4nqxswe65p6fedoml5hsy","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan calculation. Scheduled monthly payment in USD is 253. Extra monthly payment in USD is 24. Positive integer month count is 14. Add the two monthly payments, multiply by month count, and round only the final paid total half up to two decimals. Report combined monthly payment and exact total.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined monthly payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_month"},"slot_id":"combined_monthly_payment"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4q2m435erka2qb2ngb4zc","dataset_version":"task1-v4","question":"A fictional cross-border settlement starts from a notional amount of 980 USD under a local accounting convention. The disclosed conversion multiple is 3, the platform spread is 101.5 percent, and the fixed processing fee is 1 USD. Convert spread to a ratio. The platform multiple equals conversion multiple times one minus spread ratio. Settlement before fee equals source notional times that platform multiple. Subtract the fixed fee. What net settlement amount is reported in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Conversion multiple after spread.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"platform_multiple_trace"},{"description":"Settlement before fixed fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"before_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4sq5xil3fwfzte7tnucpk","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio calculation. Starting balance in USD is 254. Withdrawal in USD is 101. Fee ratio is 0.5. Fee equals withdrawal times the ratio. Total outflow equals withdrawal plus fee. Ending balance equals starting balance minus total outflow and may be negative. Round only the final ending balance half up to two decimals. Report fee and total outflow.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact withdrawal fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"withdrawal_fee_usd"},{"description":"Report exact total outflow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_outflow_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4w33iewrulorca7o5atk2","dataset_version":"task1-v4","question":"A fictional banking summary has already aggregated three category totals: Category A is 254 USD, Category B is 255 USD, and Category C is 234 USD. First take the larger of A and B, then take the larger of that result and C. What is the highest category total in USD? Ties return the same numeric amount, so no tie-breaking label is needed.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Larger of the first two category totals.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"max_a_b_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_4xxx357nsfjejgzakxwyw","dataset_version":"task1-v4","question":"A green-bond investment has principal 44468 USD, a whole-dollar amount from 10000 through 50000 inclusive. Its simple annual yield is 6.13 percent, an exact decimal from 3.00 through 7.00 inclusive with at most two decimal places, for 6 years, an integer from 1 through 5 inclusive. Ignore compounding and principal repayment. Compute total interest as principal times the annual yield ratio times years, using exact arithmetic and rounding only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual simple-interest amount used downstream.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_interest_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_52aswebzub2wtu626r75y","dataset_version":"task1-v4","question":"An exact factorized European call scenario supplies spot price USD 166 per share, strike USD 131, exact first factor N(d1) = 0.8, exact second factor N(d2) = 0.5, and exact strike discount factor = 5/6. Treat these factors as participant-visible scenario inputs and do not derive them with logs, roots, exponentials, CDFs, or market data. Compute C = spot x N(d1) - strike x discount factor x N(d2) exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Spot-weighted first term.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"weighted_spot_trace"},{"description":"Discounted strike before the second factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"discounted_strike_trace"},{"description":"Fully weighted discounted-strike term.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"weighted_strike_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_52vx4nazffqwq7gii7j7m","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance policy. Violation count is 19. Fine per violation in USD is 6.803. Multiply the two values exactly and round only the final fine half up to two decimals. Report the exact unrounded fine before the final amount.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_55b54w7diktzql4wym3ka","dataset_version":"task1-v4","question":"A company reports revenue of 370260 USD and net income of 77293 USD for the same period. Compute net profit margin as a percent of revenue.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net income divided by revenue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_56ahdr57pycvfu5calkiq","dataset_version":"task1-v4","question":"A project costs 2959 USD now, produces an interim cash flow of 3062 USD after 4 whole years, and pays cleanup cost 815 USD together with salvage after 8 whole years. The same gross salvage and cleanup apply in both scenarios. The stress scenario has probability 0.5 and effective annual discount rate 0.25; the normal scenario has probability one minus that probability and effective annual discount rate 0.1. Compound each rate over the applicable whole-year horizon. Conditional scenario NPVs do not include scenario probabilities. Expected NPV is the probability-weighted decision-analysis expectation of those conditional NPVs, not a market value. What minimum gross terminal salvage makes expected NPV at least 37729209/29282 USD and stressed-scenario NPV at least 496 USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the conditional interim present value under normal discounting.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"normal_interim_present_value_checkpoint"},{"description":"Report the conditional interim present value under stress discounting.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"stressed_interim_present_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5aiuhmoef3ytzztbsmd2m","dataset_version":"task1-v4","question":"An acquirer pays 534030 USD and issues 4181 shares valued at 192 USD per share. The acquiree's identifiable assets are land 271824 USD, inventory 141934 USD, and patents 110421 USD; assumed liabilities are borrowings 109758 USD and accounts payable 79893 USD. Ignore non-controlling interests, prior holdings, and deferred taxes. Compute goodwill = total consideration minus identifiable net assets.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total cash and share consideration.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Total identifiable assets.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Identifiable assets less assumed liabilities.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_3"}]}}
{"answer_spec":{"allowed_values":["Bullish","Neutral","Bearish"],"type":"enum"},"case_id":"t1_5ar2imm42txclles7vppu","dataset_version":"task1-v4","question":"The tweet and news average polarities use a scenario-defined scale from -1 to 1. The raw tweet signal is 24 times signed average polarity 1. Under this scenario, it passes through exactly three sequential moderation stages with no replenishment between stages. At each stage, the same ratio u=0.1999995 of the surviving signed signal is removed, so each stage retains 1-u and the final retention factor is (1-u)^3. The news contribution is 7 times signed average polarity 1 times influence factor 1. Add the retained tweet contribution, the news contribution, and the separate signed dimensionless market signal -19.406462199848874901875. Classify the exact aggregate as Bullish when it is at least 6, Bearish when it is at most the negative of 1, and Neutral otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Bullish`, `Neutral`, `Bearish`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the signed-signal retention factor after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"tweet_retention_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5bffuuqbjqdsgly45zycc","dataset_version":"task1-v4","question":"Use exact arithmetic. Vega is G=46.5 USD of value change per one percentage-point volatility step, and the signed number of such steps is n=3. Compute change=G*n in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5davuklmuxiamzkwz25ya","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock price is P=101.25 USD and the downside move is d=7 percent. Compute absolute loss=P*(d/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact downside ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"drop_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5dyqpujdw257ggavnfhaw","dataset_version":"task1-v4","question":"For one measurement year, a project has operating cost 190682 USD, a whole-dollar amount from 50000 through 200000 inclusive, and reduces it by 7 percent, an integer from 5 through 15 inclusive. Project expenses are 475689 USD, a whole-dollar amount from 100000 through 500000 inclusive, and generate a tax credit of 6 percent, an integer from 2 through 10 inclusive. Treat the entire tax credit as recognized in the same measurement year and do not subtract project expenses. Compute the one-year net benefit as operating-cost savings plus the tax credit. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact operating-cost saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"operating_savings_trace"},{"description":"Exact tax credit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"tax_credit_trace"}]}}
{"answer_spec":{"allowed_values":["target_payout","stable_growth","no_feasible_policy"],"type":"enum"},"case_id":"t1_5ethmih55hphgzfgzws6m","dataset_version":"task1-v4","question":"Compare a target-payout policy and a three-period stable-growth policy. All monetary amounts are in USD millions. At the common end of the three-period planning horizon, forecast net income is 276 and the mandatory reserve is 69, so distributable earnings equal forecast net income minus the reserve. The target-payout policy proposes a terminal total dividend equal to distributable earnings times 0.4 and requires retained distributable earnings of at least 104. The stable-growth policy starts from prior total cash dividend 42.849 at the beginning of the horizon and compounds it for exactly three periods at the per-period rate 0.2345675, so its terminal total dividend equals the prior total cash dividend times (1 + the growth rate)^3; it requires retained distributable earnings of at least 94. At that horizon a policy qualifies only if its proposed dividend does not exceed 88 and its policy-specific retained-earnings floor is met. If both qualify, return `target_payout` when the target-payout dividend is at least the stable-growth dividend, including an exact tie; otherwise return `stable_growth`. If only one qualifies, return it; otherwise return `no_feasible_policy`.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `target_payout`, `stable_growth`, `no_feasible_policy`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-period growth multiple used by the stable policy","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"one_period_growth_multiple_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_5foq5v6pb3ldslw5lhhoy","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital policy. Total capital in USD millions is 307.81. Current risk-weighted assets in USD millions are 2057. The RWA increase in USD millions is 972. Add current RWA and the increase, divide capital by new RWA, convert to percent, and compare with an inclusive 10.5 percent threshold. Report new RWA and exact capital percent before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report new RWA.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"new_rwa_usd_million"},{"description":"Report exact capital percent.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"new_capital_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5g2nbc2lcovccblf5hmng","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Taxable income in USD is 2574. Flat tax ratio is 0.2. Multiply income by the ratio exactly and round only the final tax half up to two decimals. Report the exact unrounded tax.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5goloo2dekqw2jx4jfpo6","dataset_version":"task1-v4","question":"Cash proceeds from issuing equity are 461426 USD and proceeds from issuing debt are 630109 USD. Debt repayments are 347130 USD and dividends paid are 130324 USD. Treat the latter two as positive outflow magnitudes. Compute net cash flow from financing activities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total financing cash inflows.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Total financing cash outflows.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_5gz4cw5yqfjohwbiwhl7y","dataset_version":"task1-v4","question":"Evaluate a simplified full-year run-rate after a stylized acquisition. The acquirer's predeal common shares have aggregate reference equity value 504 at one fixed contractual share price. Upfront base consideration is 99, excluding the earnout; 0.5 is paid in cash and the remainder in common shares. A fully realized earnout with settlement value 49, incremental to the base consideration, is settled entirely in common shares at the same unchanged price, and every deal share is outstanding for the full year. The entire upfront cash leg is debt-funded at annual pre-tax interest rate 0.1. Same-period standalone after-tax net income is 102 for the acquirer and 9 for the target; target net income excludes the separately stated recurring annual pre-tax synergies of 17. With tax rate 0.2, after-tax synergies and interest each equal their pre-tax amount times one minus that rate, and the full interest tax shield is usable. Ignore purchase-accounting amortization, transaction and integration costs, share weighting, price reaction, and all other share or earnings changes. Determine adjusted EPS accretion or dilution versus the acquirer's standalone EPS as a percentage; positive means accretion and negative means dilution.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report new deal shares as a ratio of the predeal common-share base","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"deal_share_issuance_checkpoint"},{"description":"Report annual pre-tax interest on the debt-funded upfront cash leg","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"pretax_interest_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Bond A","Bond B","Neither"],"type":"enum"},"case_id":"t1_5hbrepcaq63b3yvhmfq5e","dataset_version":"task1-v4","question":"Compare two bonds over a common holding horizon and valuation date. Bond A has expected redemption cash 98, aggregate coupon cash 22.75, clean price 104, settlement cost 2, and modified duration 3. Bond B has expected redemption cash 99, aggregate coupon cash 41.5279, clean price 117.565, settlement cost 3, and modified duration 4. Each settlement cost is all acquisition cash beyond the clean quote, including accrued interest and fees where applicable; do not add those amounts again. Both durations use the same acquisition-date convention and basis. For each bond, define total received cash as redemption plus aggregate coupons, total acquisition outlay as clean price plus settlement cost, and holding-period return as (total received cash minus total acquisition outlay) divided by total acquisition outlay. A bond qualifies only if its exact holding-period return is at least the exact ratio 0.05 and its modified duration is at most 6. Return the qualifying bond with the higher exact return, choose Bond A on an exact tie, or return Neither when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Bond A`, `Bond B`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Bond A total acquisition outlay","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"a_outlay_checkpoint"},{"description":"Report Bond B total acquisition outlay","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"b_outlay_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5inkyvtdkz3ubx6ffj3aq","dataset_version":"task1-v4","question":"A wallet has two prior transfers of 503 USD and 749.98027 USD in the current monitoring window. Its base rolling whale threshold is 912 USD and is increased by risk-adjustment ratio 0.3074703. What next transfer amount would make the rolling total exceed the adjusted threshold by exactly 198 USD? Use exact arithmetic and report the required transfer in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the multiplicative risk-adjustment factor used by the rolling whale threshold.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"threshold_adjustment_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5isna7kgg7btb3ujmsqim","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local refinancing calculation. Projected old-loan interest in USD is 251. Projected new-loan interest in USD is 98. Refinancing fee in USD is 154. Gross savings equals old interest minus new interest. Net benefit equals gross savings minus the fee and may be negative. Round only the final net benefit half up to two decimals. Report gross savings and exact net benefit.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report gross interest savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_interest_savings_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5j7jwwhfqzxlqlz6yycw6","dataset_version":"task1-v4","question":"A bond has a quoted clean price of USD 1019, face value USD 2367, annual coupon rate 2 percent, and 8 equal coupon payments per year. Settlement is 138 days after the last coupon in a coupon period of 184 days. Use simple accrued interest = (face x coupon rate/100 / payments per year) x (elapsed days / period days), then dirty price = clean price + accrued interest. No other day-count adjustment applies.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Coupon per payment period.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"coupon_per_period_trace"},{"description":"Simple accrued interest.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"accrued_interest_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_5jcuxfcpogentqgfwhid4","dataset_version":"task1-v4","question":"Use exact arithmetic. Original debt is 625 USD million, original equity is 844 USD million, new bond principal is 173 USD million, scheduled debt repayment is 135 USD million, and buyback cash is 113 USD million. Disclosed inputs always satisfy repayment less than original debt plus new bond and buyback less than original equity. Adjusted debt equals original debt plus new bond minus repayment. Adjusted equity equals original equity minus buyback. Divide adjusted debt by adjusted equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Debt after issuing the new bond.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Debt after the scheduled repayment.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_month"},"case_id":"t1_5jjzhmjlymgmmeuuacdeu","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan calculation. Total repayment in USD is 2458. Positive integer month count is 2. Divide total repayment by month count exactly and round only the final monthly installment half up to two decimals. Report the exact unrounded installment.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_month` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5khboidtf6s3eu4gfytfy","dataset_version":"task1-v4","question":"Apply the fictional scenario-local remediation policy stated here, not current law or regulatory guidance. Begin with base assessment 31 USD. A reporting delay of 10 days incurs 5 USD per day. Treat 0.2999995 as the fractional credit applied to the combined assessment and delay charge, so the retained fraction is one minus that rate. Then add mandatory monitoring cost 6.918 USD outside the credit base. Report the retained-fraction checkpoint independently to six decimal places and the total remediation budget in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the fraction of the combined assessment retained after self-reporting credit.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"post_credit_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5kib7uxolfnwi3rw5gkry","dataset_version":"task1-v4","question":"Use exact arithmetic. Reported capital is C=161904.5 USD and the supplied scenario minimum is M=164720.5 USD. Define deficiency=max(M-C,0). Compute the deficiency in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed capital difference before the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_deficiency_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_5nrrx7naamx2plyzxuczu","dataset_version":"task1-v4","question":"A portfolio returned 13 percent, the risk-free rate was 3 percent, the market returned 5 percent, and portfolio beta was 4. Compute Jensen alpha = R_p - [R_f + beta(R_m - R_f)] in percentage points using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Market return minus risk-free rate.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"market_premium_trace"},{"description":"CAPM-implied portfolio return.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"capm_return_trace"}]}}
{"answer_spec":{"allowed_values":["within_appetite","reduce_exposure","liquidity_block"],"type":"enum"},"case_id":"t1_5snfeqvks5hdtz2p4m5kk","dataset_version":"task1-v4","question":"A firm has capital 99, base risk-appetite ratio 0.500001, a downturn haircut 0.5, and a volatility uplift 0. Its liquid assets are 99, of which 11 must remain uncommitted, and it proposes exposure 31. Reduce the base appetite by the downturn haircut, divide it by one plus the volatility uplift, and apply the result to capital. Define available excess liquidity as max(liquid assets, the reserve) minus the reserve, which floors this numeric limit at zero without treating a reserve shortfall as covered. The binding exposure limit is the smaller of that stressed risk budget and available excess liquidity. Return liquidity_block if the original liquid assets do not cover the reserve, otherwise return within_appetite when proposed exposure is within the binding limit and reduce_exposure when it is not.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `within_appetite`, `reduce_exposure`, `liquidity_block`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the appetite ratio after both stress adjustments","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"stressed_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5uypb2s6dq4j73mvfzfnu","dataset_version":"task1-v4","question":"Use exact arithmetic. Last year's dividend per share was 1.38 USD, the stable growth rate is 7 percent, and current shares outstanding are 1810763. Convert the growth percentage to a ratio. New dividend per share equals last dividend per share times one plus growth. Total dividend equals the exact new dividend per share times shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"One plus the exact growth rate.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"},{"description":"New dividend per share before rounding.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5xooaibj3uhgcmnqil2pi","dataset_version":"task1-v4","question":"Use exact arithmetic. Vega is G=46.5 USD of value change per one percentage-point volatility step, and signed step count is n=4. Compute impact=G*n in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5xrx7qn2jxzoqzqvjqk3w","dataset_version":"task1-v4","question":"A fictional batch contains three transfers of 978.5, 1015, and 978.5 USD. Their respective fee rates are 2, 2, and 1 percent. Convert each fee to a ratio. For each transfer multiply its amount by one minus its fee ratio, then sum the three net amounts. What is the batch net amount in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net amount from transfer one.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_one_trace"},{"description":"Net amount from transfer two.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_two_trace"},{"description":"Net amount from transfer three.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_three_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_5yt5tlpga44vmgqzd3zyk","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=254450.25 USD, volatility is s=12 percent, and the participant-visible exact scenario multiplier is z=1.5. Treat z as supplied data and do not infer or compute a distribution quantile. Compute VaR=V*(s/100)*z in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact volatility ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"volatility_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_64yzreey5zg2fx7u4ikco","dataset_version":"task1-v4","question":"A portfolio holds USD 2537 of asset A with beta 4, USD 2735 of asset B with beta 0.5, and USD 2825 of asset C with beta 1.5. The risk-free rate is 3 percent and expected market return is 11 percent. Compute exact dollar weights, portfolio beta = sum(w_i beta_i), then CAPM return R_f + beta_p(R_m - R_f). Do not round weights or beta.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total portfolio value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_value_trace"},{"description":"Exact dollar-weighted portfolio beta.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"portfolio_beta_trace"},{"description":"Market risk premium.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"market_premium_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_66zm67vlsvs23i7lu6fqk","dataset_version":"task1-v4","question":"Under this scenario's annual fee contract, a portfolio has gross expected return 0.092, volatility 0.2, and beta 1. The market return is 0.1 and the risk-free rate is 0. A management fee rate reduces expected return one-for-one, so net return equals gross return minus the fee; it does not change volatility, beta, the market return, or the risk-free rate. The net portfolio must retain a Sharpe ratio of at least 0.125 and Jensen's alpha of at least 0. Compute the exact maximum annual management-fee rate that satisfies both constraints. Test both constraints using the unrounded exact rate, then report that rate as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation of the exact maximum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market risk premium used by the alpha constraint.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"market_premium_checkpoint"}]}}
{"answer_spec":{"allowed_values":["low_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_6aio2g4f3l7bl6rzgqrtq","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local rating policy, not current law or external country data. The supplied residency risk points are 6. The account type is offshore. The expected monthly transaction volume in whole USD is 51301. Account points are savings=1, business=3, and offshore=4. Volume points are 1 for volume at most USD 10000, 2 for volume above USD 10000 and at most USD 25000, 3 for volume above USD 25000 and at most USD 50000, and 4 for volume above USD 50000. Add a one-point escalation bonus exactly when account type is offshore and volume is above USD 25000; otherwise add zero. Add residency points, account points, volume points, and the escalation bonus exactly. Return low_risk for a total at most 5, medium_risk for a total from 6 through 8 inclusive, and high_risk for a total of at least 9. Report volume points, escalation bonus, and total points before the final label.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `low_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the points from the exact volume band.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"volume_risk_points"},{"description":"Report the offshore high-volume escalation bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"escalation_bonus"},{"description":"Report the complete risk-point total.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"total_risk_points"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_6c567bojbvyn6leewd6hm","dataset_version":"task1-v4","question":"A product originally costs 93 USD per unit, a whole-dollar amount from 50 through 200 inclusive. Sustainable process changes reduce that cost by 5 percent, an integer from 5 through 15 inclusive, and add a fixed saving of 12 USD per unit, a whole-dollar amount from 5 through 20 inclusive. Annual production is 6840 units, an integer from 1000 through 10000 inclusive. The percentage and fixed savings are additive and both apply to every unit. Compute annual savings as annual units times the sum of original unit cost times the reduction ratio and the fixed unit saving. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact percentage-based saving per unit.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"percentage_saving_trace"},{"description":"Exact total saving per unit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"total_saving_per_unit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_6e7zubf3rvoply63kq5lm","dataset_version":"task1-v4","question":"A token has 1007 units and a current price of 25761/13312 USD. In each of exactly three sequential stress stages, the same ratio 0.2 is removed from the price surviving the previous stage, with no replenishment between stages; the three-stage stressed price is therefore current price times (1-per-stage downside ratio)^3. Under the burn policy, 97 units are removed and treasury support raises that stressed price once by ratio 0.2. Under the fallback emission policy, 105 units are added and the stressed price receives no support. Ignore any other price effects. Use the burn policy if its resulting market cap is at least 1090 USD; otherwise use the emission policy. What market cap is selected? Use exact values for the floor test and all intermediate arithmetic, then report the selected market cap in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the price-retention ratio after one stress stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_price_retention_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_6egs2theiojjx76j34vz2","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local securities policy. Ownership percent is 5.1. Transaction value in USD is 98800. Ownership threshold percent is 6. Value threshold in USD is 100730. Reporting is required when ownership is at least its threshold or value is at least its threshold. Equality triggers each branch. Report both trigger Booleans before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report ownership trigger.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"ownership_trigger"},{"description":"Report value trigger.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"value_trigger"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_6f4winf5i42macoamvhvc","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Foreign income in USD is 2428. Domestic tax ratio is 0.4. Foreign tax already paid in USD is 293. Relief cap ratio is 0.25. Domestic tax before relief equals income times domestic ratio. Credit cap equals that tax times the relief cap ratio. Allowed credit is the smaller of foreign tax paid and the cap. Net domestic tax is the larger of domestic tax before relief minus allowed credit and zero. Round only the final net tax half up to two decimals. Report domestic tax before relief, allowed credit, and exact net tax.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report domestic tax before relief.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"domestic_tax_before_relief_usd"},{"description":"Report allowed credit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"allowed_credit_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_6fcjnbzucknd2kc2wxq5e","dataset_version":"task1-v4","question":"Current assets are 390716 USD, including inventory 77740 USD and prepaid expenses 18512 USD. Current liabilities are 186200 USD and the target quick ratio is 2. Assume any added amount is a quick asset and liabilities do not change. Compute the minimum additional quick assets needed, floored at zero.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current quick assets.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Quick assets required at the target ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["standard_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_6ftuvwj467vca4ztinluq","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local policy; no real country, sanctions list, or sector data is used. The supplied jurisdiction base score is 4.881. The supplied sector multiplier is 2. The scenario high-risk override is false. The sector EDD flag is true. Multiply the score and multiplier exactly. The numeric band is high_risk at an exact composite of at least 8, medium_risk at an exact composite of at least 5 but below 8, and standard_risk below 5. The final label is high_risk when the numeric high threshold or high-risk override applies; otherwise it is medium_risk when the numeric medium threshold or EDD flag applies; otherwise it is standard_risk. Round only the composite trace half up to two decimals; all thresholds use the exact unrounded composite.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `standard_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact composite with half-up two-decimal display.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"slot_id":"composite_risk_score"},{"description":"Report the band from exact composite before overrides.","position":2,"result_spec":{"allowed_values":["standard_risk","medium_risk","high_risk"],"type":"enum"},"slot_id":"numeric_risk_band"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_6iaugpmsrstqp7ejornni","dataset_version":"task1-v4","question":"Apply the fictional enforcement scenario stated here, not current law or regulatory guidance. The maximum total remedy is 171.836 USD, of which 24 USD is fixed interest. A gain-based penalty equals realized gain 82 USD multiplied by 1, while the alternative statutory floor is 204 USD. The pre-credit penalty base is the greater of those two amounts. A cooperation credit ratio c reduces that base to (1 - c) times the pre-credit amount. What cooperation credit percentage makes the credited penalty plus fixed interest equal the maximum total remedy? Report the cap amount available for penalty independently in USD using half-up rounding to two decimal places, and report the cooperation credit percentage using independent half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the cap amount available for penalty.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"penalty_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_6knzx4i3l5cknjkzaxm7k","dataset_version":"task1-v4","question":"Use exact arithmetic. Base purchase price is 131083700 USD, control premium is 15 percent of base price, maximum earn-out is 14472700 USD, performance achievement is 93.5 percent, and debt financing is 27 percent of total consideration. Disclosed achievement and debt percentages lie from zero through one hundred. Prorated earn-out equals maximum earn-out times achievement percentage. Total consideration equals base price plus control premium amount plus prorated earn-out. Equity contribution equals total consideration times one minus the debt-financing ratio.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Control premium amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Total consideration before financing allocation.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_6ldyzkmouq5b7juyevswo","dataset_version":"task1-v4","question":"A financial institution can spend at most 3.963 on all remediation. Capital remediation already requires 1, liquidity remediation requires 2, and any exposure above 4 incurs a charge at ratio 0.8 of the excess. Assuming the remediation budget exceeds the two fixed remediation costs, compute the maximum total exposure that keeps aggregate remediation spending within budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the budget available for the exposure charge","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"charge_budget_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_6muryz23naqxgvyn3trec","dataset_version":"task1-v4","question":"A fictional portfolio starts at 1021 USD, has a signed one-year gross return of 0 percent, and then pays 102 percent of ending assets. Convert both percentages to ratios. Multiply starting value by one plus return ratio, then by one minus fee ratio. What is the ending value after fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gross-return growth multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_multiple_trace"},{"description":"Ending value before advisory fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"before_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_6mxbqyyrzz2adh7vc4r54","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 1950 USD million and the price-to-earnings multiple is 26 times. Market capitalization equals net income multiplied by the P/E multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_6n5geqegwcfszqbtafmae","dataset_version":"task1-v4","question":"A crypto asset starts at 264 USD per token and loses fraction 1/3 of its price in a global shock. The severe policy applies when that loss ratio is at least 0.3333334; otherwise the mild policy applies. After the shock, the severe policy increases the post-shock price by support ratio 0.2 and then deducts 76.4 USD per token. The mild policy increases it by support ratio 0.4 and then deducts 144.4 USD per token. Report the resulting net price using exact arithmetic and two-decimal half-up rounding only at the end.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of the initial price retained after the shock.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"post_shock_retention_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"days"},"case_id":"t1_6tjpcc6mknvt6rjfyhweq","dataset_version":"task1-v4","question":"Opening inventory is 18747 USD, purchases are 35657 USD, and closing inventory is 20636 USD. Assume no other cost-of-goods-sold adjustments, use average inventory = (opening + closing) / 2, and use a 365-day year. Compute inventory turnover days = 365 / (COGS / average inventory).\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `days` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Cost of goods sold from opening inventory plus purchases less closing inventory.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Exact average of opening and closing inventory.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Exact inventory turnover rate.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"times_per_year"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_6xsvdhdhnep3qko35gn2m","dataset_version":"task1-v4","question":"Three annual merger-synergy workstreams are measured on the same pre-tax operating-contribution basis. Their unadjusted headline values are procurement savings 41, IT savings 36, and revenue-synergy contribution 24, all in USD millions. Due diligence identifies procurement-IT overlap 11, procurement-revenue overlap 11, and IT-revenue overlap 9. Each pairwise overlap includes the same common three-way overlap 6. Apply inclusion-exclusion to deduplicate the headline opportunities, then realize ratio 0.9 of that deduplicated amount. Deduct fully tax-deductible annual integration charge 4.875 from the positive realized amount before applying tax rate 0.2. What percentage of the unadjusted headline sum remains as annual after-tax net captured synergy? Use the sum of the three headline values as the denominator intentionally.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the unadjusted headline sum across the three workstreams","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"headline_savings_checkpoint"},{"description":"Compute the sum of pairwise overlaps before restoring the common three-way overlap","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"pairwise_overlap_checkpoint"}]}}
{"answer_spec":{"allowed_values":["individual_customer","trust_account","ngo_noncorporate_entity","partnership_customer","corporate_customer"],"type":"enum"},"case_id":"t1_6yt7v3kuo3yearizekcos","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local onboarding taxonomy, not current law or institutional policy. The account nature is joint. The number of account holders is 7. The identifiers personal_savings, joint, and minor_account belong to natural_person and map to individual_customer. The identifier trust belongs to legal_arrangement and maps to trust_account. The identifier nonprofit_organization belongs to nonprofit_entity and maps to ngo_noncorporate_entity. The identifier partnership belongs to partnership_entity and maps to partnership_customer. The identifiers business and offshore_company belong to legal_person and map to corporate_customer. Separately, one holder is single_holder and more than one holder is multiple_holders. Classify the legal-form family and holder configuration, then return the customer classification.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `individual_customer`, `trust_account`, `ngo_noncorporate_entity`, `partnership_customer`, `corporate_customer`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the scenario-local legal-form family.","position":1,"result_spec":{"allowed_values":["natural_person","legal_person","legal_arrangement","nonprofit_entity","partnership_entity"],"type":"enum"},"slot_id":"legal_form_family"},{"description":"Report whether the holder count is single or multiple.","position":2,"result_spec":{"allowed_values":["single_holder","multiple_holders"],"type":"enum"},"slot_id":"holder_configuration"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_72pvxbwnrbkxlejt6wzes","dataset_version":"task1-v4","question":"A fictional market-cap policy uses only the supplied local values. Initial market cap is 2351 USD, the signed sentiment change is -19 percent, and the disclosed policy floor is 1936 USD. Convert the change to a ratio and compute raw cap as initial cap times one plus that ratio. The published cap is the larger of raw cap and the floor. What market cap is published in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed sentiment ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"sentiment_ratio_trace"},{"description":"Market cap before the floor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_market_cap_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_74wyxngjbbz6623bxbozg","dataset_version":"task1-v4","question":"A bond has quoted clean price 97.71 and will pay redemption cash 51 over the planned holding period. The investor also pays settlement cost 0, defined as all acquisition cash beyond the clean quote, including accrued interest and fees where applicable; do not add those amounts again. Define total acquisition outlay as clean price plus settlement cost and holding-period return as (aggregate coupon cash plus redemption cash minus total acquisition outlay) divided by total acquisition outlay. Determine the minimum aggregate coupon cash that exactly meets target return ratio 0.05, and report it in USD rounded half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report clean price plus all additional acquisition cash independently","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"acquisition_outlay_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_75hv6n7kzofkadbxbphes","dataset_version":"task1-v4","question":"Measure all wealth per 1 USD of original initial notional. A managed portfolio starts with equity weight 0.5 and the complementary bond weight. During period 1, equity and bonds grow by factors 0.5 and 1. At the midpoint, the advisor deducts a fixed advisory charge equal to 0.1 of original initial notional entirely from the bond side. The portfolio is then below its equity target. The advisor buys equity and pays transaction fee rate 0.1 on the purchase, also from the bond side. Solve the purchase so equity equals its target fraction of wealth after both midpoint charges. During period 2, equity and bonds grow by factors 2 and 0.5. Compare managed terminal wealth with a fee-free unmanaged buy-and-hold benchmark that retains the original equity and bond positions through both periods, performs no midpoint rebalance, and pays neither midpoint charge. Report managed wealth minus benchmark wealth as a percentage of original initial notional. A positive result favors the managed path. Growth factors are wealth multipliers, not return rates. Use exact arithmetic and round the final percentage half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the period-1 equity value per unit of original notional.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_1_equity_value_checkpoint"},{"description":"Report the period-1 bond value per unit of original notional.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_1_bond_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_75srcm3y6cx5ceig6s2eg","dataset_version":"task1-v4","question":"An investor realizes a fully usable eligible loss magnitude of 2136 USD. The applicable current-year tax rate is 0.5, so the immediate tax reduction is available at time 0. The tax-harvest path invests the original 2553 USD principal plus that tax reduction in a permitted replacement exposure. The replacement earns an annual effective total-return rate equal to the intended rate 0.5 minus the additive annual tracking shortfall 0.25. In the no-harvest counterfactual, the same original principal remains in the intended exposure and no tax reduction is received. Both paths compound annually for 8 years with dividends reinvested and no intermediate cash flow. Assume the replacement does not trigger wash-sale disallowance; ignore transaction fees, advisory fees, offset limits, and future basis-tax consequences. Compute the signed terminal wealth advantage of the tax-harvest path over the no-harvest path in USD. A positive result means the invested tax reduction exceeds the cumulative tracking shortfall. Use exact arithmetic and round the final amount half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the immediate current-year tax reduction invested at time zero.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"immediate_tax_reduction_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_76357yffx5hjkjudr7z3o","dataset_version":"task1-v4","question":"Annual supply-chain cost is 148372 USD, a whole-dollar amount from 80000 through 150000 inclusive. Sustainable logistics first creates a fixed saving of 12988 USD, a whole-dollar amount from 5000 through 15000 inclusive. The fixed saving is guaranteed smaller than the cost. An additional 9.51 percent saving, an exact decimal from 5.00 through 10.00 inclusive with at most two decimal places, then applies only to the remaining cost after the fixed saving. Compute total annual savings as the fixed saving plus the exact percentage saving on the remaining cost. Use exact arithmetic and round only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact cost remaining after the fixed saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"remaining_cost_trace"},{"description":"Exact additional saving on remaining cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"additional_saving_trace"}]}}
{"answer_spec":{"allowed_values":["capital_pass","capital_fail"],"type":"enum"},"case_id":"t1_7b55lrpmarmqvpw77av3a","dataset_version":"task1-v4","question":"A portfolio worth 98 has available capital 9 and must retain at least 6. In the joint scenario, market shock ratio 0.05 with sensitivity 0.05 and credit shock ratio 0.05 with sensitivity 0.05 contribute linear loss rates, while their product times 2 contributes an interaction rate. In the alternative scenario, shock ratio 0.2 is squared and multiplied by 2. Convert each scenario rate to a dollar loss, use the larger loss, subtract it from available capital, and return capital_pass when the remaining capital meets the minimum or capital_fail otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `capital_pass`, `capital_fail`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the total joint-scenario loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"joint_rate_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7dcs7dptivss57h27pki4","dataset_version":"task1-v4","question":"An asset costs 114620 USD, has zero residual value, and has a useful life of 1 years. Compute depreciation in year 13 using the sum-of-the-years-digits method. Year 1 is the first depreciation year.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sum of integers from one through useful life.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"trace_1"},{"description":"Exact SYD depreciation factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7djfgdpy4ghqo2e24yfqa","dataset_version":"task1-v4","question":"A green bond has principal 16378 USD, a whole-dollar amount from 10000 through 30000 inclusive, and an annual coupon yield of 3.24 percent, an exact decimal from 3.00 through 7.00 inclusive with at most two decimal places. It compounds annually for 8 years, an integer from 1 through 3 inclusive. A tax credit equal to 6.72 percent of exact compound interest applies, with an exact credit rate from 5.00 through 15.00 inclusive and at most two decimal places. Compute net benefit as compound interest plus the tax credit, excluding return of principal. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"interest_earned_trace"},{"description":"Exact tax credit on interest.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"tax_credit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7dujfdsj6epw6u2e5urmw","dataset_version":"task1-v4","question":"A fictional token has 1135050 units in circulation and a price of 977 USD per token. Multiply supply by price per token. What is its market capitalization in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7fawa5p7z7jghc5a34uqe","dataset_version":"task1-v4","question":"Under a fictional local tax policy, 21 shares have cost basis 116 USD per share and current price 112 USD per share. The allowed marginal tax rate is 19 percent. Loss per share is the larger of cost basis minus current price and zero. Multiply by share count for eligible loss, convert tax rate to a ratio, and multiply. What tax savings result in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Nonnegative loss per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"loss_per_share_trace"},{"description":"Total eligible loss.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"eligible_loss_trace"},{"description":"Converted marginal tax ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"tax_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7fy7pib4x7rryeepxxh5k","dataset_version":"task1-v4","question":"A fictional local compliance rule imposes a penalty on transaction volume. The covered volume is 980 USD and the penalty rate is 101 percent. Convert the percentage to a ratio and multiply it by the volume. What is the penalty amount in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted penalty ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"penalty_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_7gzntf4yudlykul67niyg","dataset_version":"task1-v4","question":"Use exact arithmetic. Pre-merger valuation of Company A is 2109 USD million, pre-merger valuation of Company B is 2110 USD million, and the integration premium is 13.5 percent of their combined valuation. Add the valuations and multiply the total by one plus the premium ratio to obtain post-merger valuation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined pre-merger valuation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"One plus the integration premium.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7h3txz3noz7d3y6tfmjlw","dataset_version":"task1-v4","question":"A fictional crypto firm has a local compliance fee of 973 USD. A disclosed regulation applies an adjustment multiple of 2.6 to that fee. Multiply the base fee by the multiple. What is the adjusted fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_7haysv33dfi2i5ld6bqzi","dataset_version":"task1-v4","question":"A company has current debt of 201.483 and current equity of 96.618. It plans additional borrowing of 20.554 and a debt repayment of 40.706. Determine the exact minimum new equity injection required after both debt actions so that the debt-to-equity ratio equals the permitted ceiling 1. Use full precision for the ratio equation, then report the injection rounded to two decimals in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report debt immediately after the planned borrowing and before repayment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"debt_after_borrowing_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_7it3csvavmud2kybm7zxe","dataset_version":"task1-v4","question":"Net sales are 100830 USD in both periods. Average total assets were 204600 USD in the prior period and increase by 10209 USD in the current period. Compute the decline in asset turnover: prior-period turnover minus current-period turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Prior-period asset turnover.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Current-period asset turnover.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_7kesils5a3pupldol6o52","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local retirement calculation with no returns. Target savings in USD are 2565. Current savings in USD are 489. Existing annual saving in USD per year is 98. Positive integer years remaining are 18. Project existing contributions as annual saving times years and add current savings. Shortfall is the larger of target minus projected available and zero. Divide shortfall by years and round only the final additional annual saving half up to two decimals. Report projected available and shortfall.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report projected available savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"projected_available_usd"},{"description":"Report nonnegative shortfall.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"shortfall_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7kmtogvjm23kjqmjnql6q","dataset_version":"task1-v4","question":"A trader buys 79360 base-currency units at USD 1 per unit and closes the long position at USD 1.18 per unit. One pip is a quote change of USD 0.0002 per unit. Compute signed pip difference = (close - open)/pip size, pip value = pip size x position units, and P/L = pip difference x pip value. A negative final value is a loss.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed quote movement.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"quote_change_trace"},{"description":"Signed number of pips.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"pip_difference_trace"},{"description":"USD value per pip.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pip_value_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7lxe5abtfnuw6pa7l4rx2","dataset_version":"task1-v4","question":"An investor buys 82 shares at USD 64 per share and later sells them at USD 71 per share. Compute signed capital gain = total sale proceeds - total purchase cost. A negative result is a capital loss. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total purchase cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"purchase_cost_trace"},{"description":"Total sale proceeds.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"sale_proceeds_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7m2qisyrmqyjub6drgmw2","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=463275.75 USD, volatility is s=17 percent, and the participant-visible exact scenario multiplier is z=1.9. Treat z as supplied data and do not infer or compute a distribution quantile. Compute VaR=V*(s/100)*z in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact volatility ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"volatility_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7mg54aahruw2swxflc4n6","dataset_version":"task1-v4","question":"A fictional two-asset portfolio holds 1404 USD in equities and 972 USD in bonds. Its target equity allocation is 61 percent. Convert target to a ratio, add the two holdings, multiply total value by target ratio, then subtract current equity value. What signed equity trade is required in USD, where positive means buy and negative means sell?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total portfolio value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_value_trace"},{"description":"Target equity value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"target_equity_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7ndoun3a5wfklxp2aovsi","dataset_version":"task1-v4","question":"An investor buys 29 shares at USD 33 each and 41 more shares at USD 45 each, then sells all shares at USD 64 each. Compute each lot cost, total shares, exact total cost basis, exact average cost per share, sale proceeds, and final net profit = proceeds - total cost. Do not round the average cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total shares across both lots.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"total_shares_trace"},{"description":"Exact average cost per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"average_cost_trace"},{"description":"Total sale proceeds.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"sale_proceeds_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":0,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_7nf3qyzrtz5lettqg5skk","dataset_version":"task1-v4","question":"A token has 779 units outstanding and will burn 94 units. After the burn, the token is expected to trade at 0.970600625 USD per unit, and this price is assumed to remain unchanged when additional units are emitted. If total market capitalization must not exceed 1015.75 USD, first compute the market cap of the current supply at that expected price, express it as a multiple of the ceiling, and use that multiple to recover the ceiling-compatible total supply. What is the maximum number of additional token units that may be emitted after the burn? Carry all arithmetic exactly, then report the result using half-up rounding to the nearest whole token.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 0 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-supply benchmark market cap as a multiple of the market-cap ceiling.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"ceiling_utilization_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7o5ikpeffr6pfimpxlkv4","dataset_version":"task1-v4","question":"A borrower starts with an outstanding principal of 986. Two equal-length periods use the same effective rate of 0.05, with interest applied before each end-of-period payment. The borrower pays 99 at the end of the first period. What exact second-period payment, made at the end of the second period, leaves a balance of 908.96 immediately after that payment? Define the target equality using the unrounded exact payment, then report the payment in USD rounded half up to two decimal places; the displayed amount is a reporting approximation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the balance remaining after the first-period payment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"first_payment_balance_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7o7czxboabcsfhc26365k","dataset_version":"task1-v4","question":"A merchant has 96 original payment attempts, each for 99. The primary processor succeeds with probability 0.35. Every primary failure triggers exactly one backup retry, whose conditional success probability is 0.7. An order produces one settlement of the stated amount if either attempt succeeds and produces no revenue if both fail; no order is retried more than once. The primary charges 0.02 of the stated amount plus fixed fee 1 on every original attempt, whether successful or failed. The backup charges 0.03 of the stated amount plus fixed fee 4 on every retry, whether successful or failed. The merchant also incurs 3 for every primary failure and an additional 9 for every order where both attempts fail, and pays 195 once for the batch. Treat all probabilities as exact scenario expectations. Ignore chargebacks, lost-sales costs, taxes, and all other costs. Compute expected settled revenue and deduct all processing, handling, and subscription costs. What are the expected net merchant proceeds?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the fraction of original attempts expected to settle through the backup retry.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"retry_success_fraction_checkpoint"},{"description":"Report expected backup processing fees.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"backup_processing_fees_checkpoint"},{"description":"Report expected additional handling cost from terminal failures.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"terminal_failure_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_7qdc2rnvwmvolquleqqs4","dataset_version":"task1-v4","question":"Net sales are 205980 USD and the unadjusted asset base is 509600 USD. A depreciation adjustment of 48695 USD reduces that asset base, with sales unchanged. Compute the increase in asset turnover: adjusted turnover minus unadjusted turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Asset turnover before the adjustment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Asset base after deducting depreciation.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Asset turnover after the adjustment.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_7tpvozkbs6zsvafesrrzq","dataset_version":"task1-v4","question":"A company has equity value 9, debt value 12.230859, cost of equity percentage 12, and corporate tax rate ratio 0.28. The WACC ceiling 10 is also a percentage. Determine the maximum pre-tax cost of debt that keeps its WACC at that ceiling. Report the cost of debt as a percentage rounded half-up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the debt-to-equity ratio used by the inverse WACC calculation","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"debt_to_equity_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7ufeprkc6mxm54xvw44ui","dataset_version":"task1-v4","question":"Two project plans have identical non-cleanup cash flows, so those cash flows cancel in their NPV difference. The valuation-date base cleanup estimate is 1953. It grows at the nominal effective annual escalation rate 0.1, so the early plan pays the resulting cleanup cost at the end of year 7. The deferred plan pays the resulting cleanup cost at the end of year 8, together with a separate fixed nominal administration outflow of 710 paid only at that terminal date. Discount all cleanup-related cash flows at the nominal effective annual rate 0.2, compounded annually. The escalation and discount rates use the same currency and inflation basis and are decimal ratios. Compute NPV(deferred plan) minus NPV(early plan). A positive result favors deferral, a negative result favors early cleanup, and zero means equal NPV. Report signed USD to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the cumulative cleanup escalation factor to the early payment date.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"early_cleanup_growth_factor_checkpoint"},{"description":"Report the cumulative discount factor to the deferred terminal date.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"terminal_discount_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7ulzthlyfkwikpqiufqok","dataset_version":"task1-v4","question":"An investor realizes a fully usable eligible loss magnitude of 2154.6864 USD. The applicable current-year tax rate is 0.5, so the immediate tax reduction is available at time 0. The tax-harvest path invests the original 2562 USD principal plus that tax reduction in a permitted replacement exposure. The replacement earns an annual effective total-return rate equal to the intended rate 0.5 minus the additive annual tracking shortfall 0.25. In the no-harvest counterfactual, the same original principal remains in the intended exposure and no tax reduction is received. Both paths compound annually for 8 years with dividends reinvested and no intermediate cash flow. Assume the replacement does not trigger wash-sale disallowance; ignore transaction fees, advisory fees, offset limits, and future basis-tax consequences. Compute the signed terminal wealth advantage of the tax-harvest path over the no-harvest path in USD. A positive result means the invested tax reduction exceeds the cumulative tracking shortfall. Use exact arithmetic and round the final amount half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the immediate current-year tax reduction invested at time zero.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"immediate_tax_reduction_checkpoint"}]}}
{"answer_spec":{"allowed_values":["program_a","program_b","no_feasible_program"],"type":"enum"},"case_id":"t1_7uo4nhqq7vlux7mzfzqu6","dataset_version":"task1-v4","question":"Compare ESG program A, with cost 877, financial benefit 823.037, verified emissions reduction 128, and attribution-overlap ratio 0.2, against program B with cost 1014, financial benefit 864, verified emissions reduction 248, and attribution-overlap ratio 0.2. For each program, effective reduction equals verified reduction multiplied by one minus the overlap ratio, and net cost per effective ton equals (cost minus financial benefit) divided by effective reduction. A program is feasible only when its cost does not exceed 977 and its effective reduction reaches 98. Among feasible programs, select the one with lower net cost per effective ton, preferring program_a on a tie. Select the sole feasible program, or return no_feasible_program when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `program_a`, `program_b`, `no_feasible_program`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report program A net cost after financial benefits","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"program_a_net_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_7wpajvpxryr6tqfsuntps","dataset_version":"task1-v4","question":"Two segments use one planning period and currency. Segment A has revenue 979, pre-shared-cost pre-tax profit margin 0.37251375, and tax rate 0.2. Segment B has revenue 492, pre-shared-cost pre-tax profit margin 0.5, and tax rate 0.3. These margins are after all segment-specific operating costs but before allocating one shared deductible cost pool of 98. Allocate fraction x of that pool to A and the complementary fraction to B exactly once. In this fictional planning scenario, each tax rate is applied to the resulting positive pre-tax profit and no claim is made about actual tax or transfer-pricing rules. What percentage x of the shared cost pool must be allocated to A so the two after-tax profit margin ratios are equal? Use exact arithmetic and round only the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the shared cost pool as a ratio of Segment A revenue.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"segment_a_shared_cost_burden_ratio_checkpoint"},{"description":"Report the shared cost pool as a ratio of Segment B revenue.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"segment_b_shared_cost_burden_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7x4olykyj3g5tfuthawro","dataset_version":"task1-v4","question":"A saver enters a three-year retirement bridge with 81176. The remaining balance earns 0.04 annually. Withdrawals occur at each year-end: W after year 1, W times one plus 0.04 after year 2, and W times the square of that growth factor after year 3. Immediately after the third withdrawal, 29454 must remain. Compute the exact first-year withdrawal W that leaves the required reserve. Define the reserve equality using the unrounded exact withdrawal, then report W in USD rounded half up to two decimal places; the displayed amount is a reporting approximation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the gross two-year value of the opening capital before withdrawals","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"two_year_gross_capital_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7ylmp32ljndebmabzkdzm","dataset_version":"task1-v4","question":"Use exact arithmetic. Base price is 38931200 USD, maximum basic earn-out is 9704000 USD, target revenue is 98650000 USD, actual revenue is 137144000 USD, the excess-revenue bonus rate is 7 percent, and the bonus cap is 1538700 USD. Target revenue is always positive. Basic earn-out equals maximum basic earn-out times actual revenue divided by target revenue, capped at the stated maximum. The bonus threshold is 110 percent of target revenue. Bonus-eligible excess is the greater of actual revenue minus that threshold and zero. Bonus equals excess times the bonus rate, capped at the bonus cap. Total deal value equals base price plus capped basic earn-out plus capped bonus.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Basic earn-out after applying the stated maximum.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Bonus after applying the stated cap.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7zplhqbdzuqkhlpvxo42u","dataset_version":"task1-v4","question":"Use exact arithmetic. Base purchase price is 142917600 USD, control premium is 17 percent of base price, maximum earn-out is 15095450 USD, performance achievement is 98 percent, and debt financing is 48.5 percent of total consideration. Disclosed achievement and debt percentages lie from zero through one hundred. Prorated earn-out equals maximum earn-out times achievement percentage. Total consideration equals base price plus control premium amount plus prorated earn-out. Equity contribution equals total consideration times one minus the debt-financing ratio.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Control premium amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Total consideration before financing allocation.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_7zvwmv5ce2hkjxsb6pu7m","dataset_version":"task1-v4","question":"A project costs USD 4439 at time zero, pays USD 1443 at the end of year one, and USD 2561 at the end of year two. The annual discount rate is 0 percent. Compute NPV = CF1/(1+r) + CF2/(1+r)^2 - I0, where r is the percent rate divided by 100. Keep all intermediate values exact.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Present value of year-one cash flow.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_one_trace"},{"description":"Present value of year-two cash flow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_two_trace"},{"description":"Total present value of inflows.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_pv_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_a2gefm6j6o56e3lyexmuk","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Original budget in USD is 99. Added cost in USD is 99. Savings offset in USD is 0. Net added cost equals added cost minus savings offset. Revised budget equals original budget plus net added cost. Round only the final revised budget half up to two decimals. Report net added cost and exact revised budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed net added cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_added_cost_usd"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"case_id":"t1_a4pe4s73in4t74ddjvxmg","dataset_version":"task1-v4","question":"For one reporting period, a company reports revenue of 101050 USD and cost of goods sold of 51133 USD. The amounts use the same period and currency, and cost of goods sold does not exceed revenue. Compute gross profit as revenue minus cost of goods sold.\n\nAnswer format: return only the exact numeric value interpreted in `usd`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_a6iv6m6floldmcpbicjzm","dataset_version":"task1-v4","question":"Under a fictional local tax policy, 23 shares have cost basis 116 USD per share and current price 106 USD per share. The allowed marginal tax rate is 21 percent. Loss per share is the larger of cost basis minus current price and zero. Multiply by share count for eligible loss, convert tax rate to a ratio, and multiply. What tax savings result in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Nonnegative loss per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"loss_per_share_trace"},{"description":"Total eligible loss.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"eligible_loss_trace"},{"description":"Converted marginal tax ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"tax_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_a6kjdbvt3geqwdsnatq6g","dataset_version":"task1-v4","question":"An ESG project saves 3239 USD per month on energy, a whole-dollar amount from 2000 through 8000 inclusive, and 1140 USD per month on water, a whole-dollar amount from 500 through 3000 inclusive. It incurs 22875 USD of annual maintenance, a whole-dollar amount from 10000 through 40000 inclusive, and receives 7862 USD as an annual incentive, a whole-dollar amount from 5000 through 20000 inclusive. Treat both monthly savings as constant for 12 months. Compute net annual savings as annualized energy savings plus annualized water savings minus maintenance plus the incentive, using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annualized energy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_energy_savings_trace"},{"description":"Exact annualized water savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_water_savings_trace"},{"description":"Exact combined savings after maintenance and before the incentive.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"after_maintenance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_a7evuugdclv6n5bnpwbhu","dataset_version":"task1-v4","question":"A portfolio returned 12 percent, the risk-free rate was 3 percent, the market returned 4 percent, and portfolio beta was 3. Compute Jensen alpha = R_p - [R_f + beta(R_m - R_f)] in percentage points using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Market return minus risk-free rate.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"market_premium_trace"},{"description":"CAPM-implied portfolio return.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"capm_return_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"case_id":"t1_a7l4w4akr6dlauizu5rh4","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance score. Region A risk score is 6. Region B risk score is 10. Region A supplied weight is 0.4. Region B supplied weight is 0.6. Multiply each score by its supplied weight and add the components without normalization. Round only the final score half up to two decimals. Report both exact components.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `risk_point` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Region A component.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"region_a_component"},{"description":"Report Region B component.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"region_b_component"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_aainix2n2evcofson5cta","dataset_version":"task1-v4","question":"Under the simplified scenario rules, gross income is 90954 and the tax rate is 0.3. The standard method permits a deduction of 10275 and a credit of 1018. The itemized method permits a deduction of 19824 and a credit of 1512, but it may be used only when false is true. Compute both nonnegative net liabilities and use the itemized method only when eligible and strictly lower; otherwise use the standard method. What tax liability is payable?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report taxable income under the standard method","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"standard_taxable_checkpoint"},{"description":"Report taxable income under the itemized method","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"itemized_taxable_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_ab7fmauc6zgyn3il3ozyu","dataset_version":"task1-v4","question":"An exact factorized European call scenario supplies spot price USD 170 per share, strike USD 134, exact first factor N(d1) = 5/6, exact second factor N(d2) = 0.6, and exact strike discount factor = 0.9. Treat these factors as participant-visible scenario inputs and do not derive them with logs, roots, exponentials, CDFs, or market data. Compute C = spot x N(d1) - strike x discount factor x N(d2) exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Spot-weighted first term.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"weighted_spot_trace"},{"description":"Discounted strike before the second factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"discounted_strike_trace"},{"description":"Fully weighted discounted-strike term.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"weighted_strike_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_abnkb3gcv72hqhx7xlqlu","dataset_version":"task1-v4","question":"A company starts with revenue 204 and then experiences a downturn ratio 0.5. It must reach target revenue 198 after recovery. Assuming the target exceeds the post-downturn revenue, compute the required recovery rate as the additional revenue needed divided by post-downturn revenue, and report that rate as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report revenue immediately after the downturn","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ac3567qk6hfnab22yhu3m","dataset_version":"task1-v4","question":"A portfolio return is 13 percent with standard deviation 5 percent. The risk-free rate is 3 percent and market standard deviation is 15 percent. Compute M-squared = R_f + [(R_p - R_f)/sigma_p] sigma_m using the displayed percentage values exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Portfolio excess return.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"excess_return_trace"},{"description":"Exact portfolio Sharpe ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"sharpe_ratio_trace"},{"description":"Market-volatility-scaled premium.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"scaled_premium_trace"}]}}
{"answer_spec":{"allowed_values":["assured","review_required"],"type":"enum"},"case_id":"t1_ac4brczqkdjaa46lglt2o","dataset_version":"task1-v4","question":"A completed independent assurance engagement checks reported energy savings 1026 against audited energy savings 508 and reported waste-management savings 809 against audited waste-management savings 815. Under this scenario, the per-layer tolerance ratio 0.2 applies at exactly three sequential multiplicative audit-adjustment layers. Starting from each reported amount, every layer multiplies the current lower bound by 1-t and the current upper bound by 1+t, so the audited amount is compared once against the final inclusive envelope reported*(1-t)^3 through reported*(1+t)^3. Audit coverage 0.9 must reach 0.8, and true indicates that the completed engagement covered both metrics and issued an unmodified conclusion. Return assured only when every condition holds; otherwise return review_required.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `assured`, `review_required`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-layer lower tolerance factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"lower_stage_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_acs3hnmtvr6fvgi4budtc","dataset_version":"task1-v4","question":"A borrower starts with an outstanding principal of 1021.603. Two equal-length periods use the same effective rate of 0.05, with interest applied before each end-of-period payment. The borrower pays 101 at the end of the first period. What exact second-period payment, made at the end of the second period, leaves a balance of 833 immediately after that payment? Define the target equality using the unrounded exact payment, then report the payment in USD rounded half up to two decimal places; the displayed amount is a reporting approximation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the balance remaining after the first-period payment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"first_payment_balance_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ad7qu47uodtqdivomxcvq","dataset_version":"task1-v4","question":"A fictional monitoring batch contains transfers of 1124, 1144, and 1159 USD and uses the same local threshold of 1158 USD for each. For every transfer subtract the threshold and take the larger of that difference and zero. Sum the three nonnegative excesses. What is the total excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Nonnegative excess for transfer one.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_one_trace"},{"description":"Nonnegative excess for transfer two.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_two_trace"},{"description":"Nonnegative excess for transfer three.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_three_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_aen3saojkqnpyzv3dhel2","dataset_version":"task1-v4","question":"A customer expects monthly transfer volume 1026 and 12 transfers per month for 8 months. Plan A charges proportional transfer rate 0.01, fee 2 per transfer, monthly subscription 9, and one-time setup fee 205. Plan B charges 0.02, 1, 14, and one-time setup fee 76. Each setup fee is charged exactly once at account opening, not once per month or transfer. Using full precision, compute Plan A savings relative to Plan B, defined as Plan B total cost minus Plan A total cost. Report the signed savings amount in USD, rounded half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report total transfer volume over the horizon.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"horizon_volume_checkpoint"},{"description":"Report total transfer count over the horizon.","position":2,"result_spec":{"rounding":{"decimal_places":0,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"horizon_count_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Call","Put","Neither"],"type":"enum"},"case_id":"t1_af5p47x3l33t7vuwjp6h2","dataset_version":"task1-v4","question":"Compare one-unit cash-settled vanilla call and put contracts on the same underlying and expiration. All USD amounts are per share. The exhaustive subjective scenarios have bullish terminal price 164 and lower bearish terminal price 41, with bullish probability 0.6. Each generated strike lies strictly between the two prices. Thus the call with strike 58.87 pays its bull-state intrinsic value and zero in the bear state, while the put with strike 119 pays zero in the bull state and its bear-state intrinsic value. Subtract call premium 11 and put premium 4 once from their respective probability-weighted payoffs. Use undiscounted simple terminal profit and ignore financing, discounting, dividends, and transaction costs. A strategy qualifies only if exact expected profit is at least 21 and exact worst-state profit is at least -11. Return the qualifying strategy with higher exact expected profit, choose Call on an exact tie, or return Neither when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Call`, `Put`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the positive bull-state call payoff rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"call_payoff_checkpoint"},{"description":"Report the positive bear-state put payoff rounded half up to cents","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"put_payoff_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_afg57vz3y3cgugi6umbmo","dataset_version":"task1-v4","question":"A bond has a quoted clean price of USD 1075, face value USD 2544, annual coupon rate 5 percent, and 1 equal coupon payments per year. Settlement is 149 days after the last coupon in a coupon period of 187 days. Use simple accrued interest = (face x coupon rate/100 / payments per year) x (elapsed days / period days), then dirty price = clean price + accrued interest. No other day-count adjustment applies.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Coupon per payment period.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"coupon_per_period_trace"},{"description":"Simple accrued interest.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"accrued_interest_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_afzlqqbsrnzzcxc6ntfgm","dataset_version":"task1-v4","question":"Use exact arithmetic. Total deal value is 150966200 USD, debt financing is 39 percent, and equity shares are valued at 1843125 USD per share. Equity financing is the complement of the debt percentage. Basic shares equal equity financing value divided by share price. If and only if share price is strictly below 2000000 USD per share, adjusted shares equal basic shares times 1.05; at or above the threshold, adjusted shares equal basic shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Equity capital raised in the LBO.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Shares before any low-price bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_aggrp7dxfnskvykyayswu","dataset_version":"task1-v4","question":"A sustainability report gives annual energy expenditure 487.075 and an achieved energy-reduction ratio 0.2. Annual waste-management expenditure is 205. To reach the combined annual savings target 148.85, compute the waste-cost reduction rate that must be reported, expressed as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report savings contributed by energy reduction","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"energy_savings_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ahx7ktv3dj5l2onw7wjiu","dataset_version":"task1-v4","question":"Under a fictional internal compliance-planning scenario, not a statement of current law, an actual penalty calculation, an accounting provision, or a market-concentration test, a crypto firm models exactly three nonoverlapping activity categories that exhaust the measured scenario-exposure pool for one reporting period and currency basis. Category 1 has covered volume 4096.004 USD and decimal assessment ratio 0.5; Category 2 has 11794.812 USD and 0.5; Category 3 has 4099.204 USD and 0.5. For each category define modeled exposure P_i as volume times assessment ratio, define s_i as P_i divided by the total of the three exposures, and define H as the sum of the three squared shares. Report 100H as a percentage. With three positive categories, this percentage-scaled HHI-style score is at least 33 1/3 percent and approaches but does not reach 100 percent. It measures only concentration within the stated modeled exposure pool; it is not a 0-to-10,000 HHI, a violation probability, or a legal risk score. Use exact arithmetic and round only the final percentage to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the first category modeled exposure before normalization.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"category_1_exposure_checkpoint"},{"description":"Report the second category modeled exposure before normalization.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"category_2_exposure_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_akidkrcaa54dknsgb73lg","dataset_version":"task1-v4","question":"An analyst evaluates one inventory sale under two mutually exclusive net-recovery states. Quick assets before the sale, excluding inventory, are 5473/375 USD, and inventory carrying amount 51 USD is sold. In every state, fraction 0.4 of net proceeds remains as cash in quick assets and the complementary fraction immediately repays current liabilities at par. The low recovery rate is 0.5 and the high rate is that low rate plus positive spread 0.2; generated cases keep their sum below one. The high state occurs with probability 0.25. Rather than giving pre-sale liabilities directly, the scenario gives 79 USD, the liabilities remaining after high-state repayment; the same implied pre-sale liabilities apply in both states. Compute each state's post-sale quick ratio. Then subtract the quick ratio formed from probability-weighted post-sale quick assets and liabilities from the probability-weighted average of the two state quick ratios. This positive expectation-order gap is a scenario-defined quick-ratio convexity premium, not expected cash or a realized covenant ratio. Report its percentage-point equivalent, using exact arithmetic, independently rounded checkpoints, and two-decimal half-up rounding only for the final.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report retained cash in the low-recovery state.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"low_state_retained_cash_checkpoint"},{"description":"Report the high-state increment in retained cash.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"incremental_retained_cash_checkpoint"},{"description":"Report the high-state increment in liability repayment.","position":3,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"incremental_repayment_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_altmwpbg6lhpbq6me47d6","dataset_version":"task1-v4","question":"A fictional liquidity pool generated 978 USD. Its local policy first withholds 2 percent of fees, then pays a provider 1 percent of the remaining distributable fees. Convert both percentages to ratios. Distributable fees equal total fees times one minus the reserve ratio, and the reward equals distributable fees times the provider-share ratio. What is the provider reward in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fee fraction remaining after reserve.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"distributable_ratio_trace"},{"description":"Fees available for distribution.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"distributable_fees_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_amo4bmaurmjp3mjf3jhwy","dataset_version":"task1-v4","question":"Use exact arithmetic. Overlapping operating costs are 258 and 246 USD million, the overlap reduction rate is 40 percent, and one-time integration cost is 103 USD million. Gross saving equals combined overlap cost times the reduction-rate ratio. Net cost reduction equals gross saving minus integration cost. A negative result represents a net first-period cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined overlapping operating cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Gross saving before integration cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_an7ikllhnnupom47pa6be","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local investment calculation. Principal in USD is 253. Exact return ratio per period is 0.2. Positive integer period count is 9. Add one to the return ratio, raise the factor to period count, multiply by principal, and round only the final future value half up to two decimals. Report the period factor and compounded multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report period growth factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"period_growth_factor"},{"description":"Report compounded multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"compounded_multiple"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ao6bjeyu6s3wocnr4p3oy","dataset_version":"task1-v4","question":"An account receives 11 USD at the start of two equal phases, each lasting 7 whole annual compounding periods. The first-phase annual rate ratio is 0.05, the strictly higher second-phase rate ratio is 0.65, and 18 USD is added at the phase boundary. For a smoothed counterfactual, use the arithmetic mean of the two annual growth factors in both phases while preserving both contribution dates. Define initial-contribution drag as its smoothed terminal value minus its actual terminal value, and boundary-contribution uplift as its actual terminal value minus its smoothed terminal value. Divide each difference by the nominal, undiscounted sum of contributed cash, multiply the resulting decimal ratios once, and convert the product to percent. This is a bespoke scenario-defined product index, not a standard return, ROI, probability, causal-interaction measure, or recommendation. Use exact arithmetic and report two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the actual first-phase compound growth factor.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"first_phase_growth_checkpoint"},{"description":"Report the one-phase compound growth factor under the smoothed counterfactual.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"smoothed_phase_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_apozht27hj6x5ywxr2tu6","dataset_version":"task1-v4","question":"A fictional token has market capitalization of 0.02 USD and 3 token units in circulation. Divide market capitalization by supply. What is the price per token in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["within_budget","budget_breach"],"type":"enum"},"case_id":"t1_arjzf6d5miq44ksrd4l7w","dataset_version":"task1-v4","question":"A portfolio worth 98 faces positive downside shock ratio 0.2. Its linear loss sensitivity is 0.1, and its convexity multiplier 0.97345 applies to the square of the shock. Add the linear and convexity loss rates, convert the result to a gross dollar loss, and cap that loss at 4. Compare the capped loss with budget 2. Return within_budget when the capped loss does not exceed the budget and budget_breach otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `within_budget`, `budget_breach`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the convexity loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"convexity_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_arwlvxiaptuvkyyq5fyci","dataset_version":"task1-v4","question":"A wallet makes a current transfer of 920.975 USD after prior transfers of 61 USD and 91 USD. Its rolling-window whale threshold is 1011 USD. For a concentrated single-transfer check, this threshold is reduced by haircut ratio 0.2, so the single-transfer threshold is the rolling threshold times (1-single-threshold haircut ratio). The wallet's total activity over the monitoring horizon, including all three transfers, is 1228 USD. Compute current-transfer concentration as current transfer divided by total activity. If it is at least 0.7, including exact equality, report the current transfer's excess over the haircut-adjusted single-transfer threshold; otherwise report the three-transfer total's excess over the unadjusted rolling threshold. Use exact arithmetic for threshold adjustment, concentration, and branch selection, and round only the final USD excess half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the retained fraction used to derive the concentrated-transfer threshold.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"single_threshold_retention_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_as32apcqsdx2bxlkvf6uc","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local early-retirement bridge policy. Liquid savings in USD are 292.74. Annual spending in USD per year is 98. Positive integer bridge years are 9. Annual other income in USD per year is 0. Contingency ratio is 0. Net annual need is the larger of spending minus other income and zero. Base bridge need equals net annual need times bridge years. Contingency equals base need times the ratio. Required capital equals base need plus contingency. Funding gap equals required capital minus savings. The plan is funded when savings are at least required capital, including equality. Report net annual need, required capital, and funding gap.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report net annual need.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"net_annual_need"},{"description":"Report required capital.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"required_capital_usd"},{"description":"Report signed funding gap.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"funding_gap_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_atlgmiumeokbes2f2zr7a","dataset_version":"task1-v4","question":"A two-year bond has face value USD 4658 and trades exactly at par, so its current clean price equals face value. It pays one annual coupon at each year end at a rate of 13 percent of face value, with the second coupon paid together with principal. Under annual compounding, a par bond's effective annual YTM equals annual coupon divided by face value. Compute that exact YTM percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Exact par-bond yield ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"ytm_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_atz3ywsimwhdg7swsn4lq","dataset_version":"task1-v4","question":"A fictional local sentiment model uses no external market data. Its normalized price-move signal is 13/17 and its sensitivity multiple is 2.6. Multiply the signal by the multiple. What is the resulting dimensionless sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_avxk35ar6aizumyfmrin6","dataset_version":"task1-v4","question":"A portfolio is worth 203.11, but only share 0.5 is exposed to one factor. The exposed portion has signed sensitivity 1. Determine the signed factor shock required to produce target portfolio value change 297.4708218, and report that shock as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the factor-exposed portfolio value","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"exposed_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_aymj2fkddiwbldjflomga","dataset_version":"task1-v4","question":"A one-period binomial call has spot price USD 178 per share, strike USD 21, up multiplier 3, down multiplier 1, and one-period risk-free rate 1 percent. The supplied values satisfy up multiplier > 1 + rate/100 > down multiplier. Compute state prices, state payoffs max(S-K,0), risk-neutral q = [(1+r)-d]/(u-d), and call value = [q C_u + (1-q) C_d]/(1+r). Keep all steps exact.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Call payoff in the up state.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"up_payoff_trace"},{"description":"Call payoff in the down state.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"down_payoff_trace"},{"description":"Exact risk-neutral up probability.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"up_probability_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_b74tkzi2k4wfo3mkikmr4","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Baseline budget in USD is 2551. Cut ratio is 0.2. Recovery amount in USD is 254. Cut amount equals baseline times cut ratio. Post-cut budget equals baseline minus cut amount. Reforecast equals post-cut budget plus recovery. Round only the final reforecast half up to two decimals. Report cut amount and exact reforecast.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact cut amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"cut_amount_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bapamxsp3nkgh3pehwmuo","dataset_version":"task1-v4","question":"Use exact arithmetic. New debt principal is 745035 USD, annual interest rate is 6 percent, and corporate tax rate is 31.5 percent. Disclosed tax rates lie from zero through one hundred. Annual interest equals debt times the interest-rate ratio. After-tax interest cost equals annual interest times one minus the tax-rate ratio.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual interest expense before tax.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"One minus the corporate tax rate.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_bazaaihfjvw7e6a7chcfg","dataset_version":"task1-v4","question":"Current net sales are 2128023 USD and current assets are 2707100 USD. Scenario 1 adds 458200 USD of assets and then deducts 174870 USD, with sales unchanged. Scenario 2 leaves assets unchanged and increases sales by 27 percent. Compute Scenario 2 asset turnover minus Scenario 1 asset turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Scenario 1 asset turnover.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Scenario 2 asset turnover.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bbodmnbf473tm5jaf2glc","dataset_version":"task1-v4","question":"Use exact arithmetic. Total capital is C=131547.25 USD and the disclosed risk-appetite allocation is a=56 percent. Compute allocation=C*(a/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact allocation ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bc4rsn4ynjhhpq2w2psr6","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock price is P=220.25 USD, signed market-index change is c=0.0176 percent, and signed sensitivity is s=-0.0123. Compute price change=P*(c/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed market-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"market_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_bde7ujoeqgyzto3tyn7rc","dataset_version":"task1-v4","question":"A company has current assets of 152.315 and current liabilities of 541/9 in USD millions. It plans a cash-funded non-current-asset purchase of 32, which reduces current assets by the purchase amount. The required current ratio is one plus the ratio 0.8. Determine the maximum additional short-term borrowing that can be added to both cash and current liabilities while exactly meeting the required current ratio. Report the result in USD millions, rounded to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute current assets remaining after the planned non-current-asset purchase","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"post_purchase_assets_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bdw7i7djdeg44icvpic2s","dataset_version":"task1-v4","question":"A fictional DeFi portfolio is valued at 11345 USD. The staking allocation is 39 percent, its disclosed yield boost is 9 percent, and the signed whole-portfolio swap-fee effect is -1 percent, where a negative value is a loss. Convert all percentages to ratios. Staking impact equals portfolio value times staking share times yield boost; fee impact equals portfolio value times the signed fee-effect ratio; net impact is their sum. What is the net impact in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Staking contribution to net impact.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"staking_impact_trace"},{"description":"Signed fee contribution to net impact.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"fee_impact_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bgl2fharqvdrqkp3wvyyw","dataset_version":"task1-v4","question":"For one measurement year, Phase 1 starts with operating cost 168199 USD, a whole-dollar amount from 100000 through 300000 inclusive, and reduces it by 9 percent, an integer from 5 through 15 inclusive. Phase 2 saves 12 USD per unit, a whole-dollar amount from 5 through 20 inclusive, across 16329 units, an integer from 5000 through 20000 inclusive. Phase 3 provides a subsidy equal to 13 percent, an integer from 3 through 10 inclusive, of project cost 673865 USD, a whole-dollar amount from 200000 through 1000000 inclusive. Treat all three benefits as recognized in the same year. Project cost is only the subsidy base and is not subtracted. Compute overall financial impact as the sum of Phase 1 savings, Phase 2 savings, and Phase 3 subsidy. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact Phase 1 saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"phase1_savings_trace"},{"description":"Exact Phase 2 saving.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"phase2_savings_trace"},{"description":"Exact Phase 3 subsidy.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"phase3_subsidy_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bgltsevqmhv3xlt62jb7c","dataset_version":"task1-v4","question":"A fictional cross-exchange transfer starts at 146505 USD. The destination deducts 1 percent, then a local settlement policy applies an additional haircut of 0 percent to the post-fee amount. The whale threshold is 149561 USD. Convert both percentages to ratios; multiply gross amount by one minus the fee ratio and then by one minus the haircut ratio; subtract the threshold; take the larger of the difference and zero. What is the net excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Amount after exchange fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"post_fee_trace"},{"description":"Amount after the settlement haircut.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"effective_amount_trace"},{"description":"Signed excess before zero floor.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bhu7yx3cumxk5wd25lfuw","dataset_version":"task1-v4","question":"A portfolio worth 99 has factor shock ratios 0.05 and 0.2, with respective loss sensitivities 0.2 and 0.2. Their joint effect is the product of both shocks and 0.01. A concentration ratio 0.1 adds its squared value to the modeled loss rate. Compute the modeled loss from the sum of both linear factor rates, the joint rate, and the concentration square. The required capital charge is the larger of that modeled loss and external stress loss 3.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the joint interaction loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"joint_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bi5uwpwl5f57yfuvjohss","dataset_version":"task1-v4","question":"A fictional firm has baseline compliance cost of 2459 USD. Local audit-frequency, fine-risk, and surcharge factors are 3, 4, and 2 percent and add linearly. A refundable local credit of 246 USD then reduces the charge, but the final additional cost cannot be below zero. Convert and sum the three percentages, multiply by baseline cost, subtract the credit, and take the larger of that result and zero. What additional compliance cost remains in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined regulatory factor in percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"total_factor_trace"},{"description":"Gross additional compliance cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_cost_trace"},{"description":"Cost after applying the credit.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"credited_cost_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bje4lc5lupsnrxkocuabi","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=97360.5 USD; weights are w1=41 percent, w2=29 percent, and w3=29 percent; corresponding volatilities are s1=1 percent, s2=4.05 percent, and s3=2 percent; the supplied exact time-scaling scenario multiplier is t=3; and confidence is c=94 percent. The weights are guaranteed to sum exactly to 100 percent. Case ranges are V from 50000 through 200000; w1 and w2 from 20 through 40; w3 from 20 through 60; each volatility from 1 through 4; t from 1 through 11/5; and c from 90 through 99. Define weighted volatility S=(w1*s1+w2*s2+w3*s3)/100 percent and the disclosed heuristic confidence multiplier m=1+(100-c)/100, which is a stipulated scenario rule rather than a normal quantile. Compute VaR=V*(S/100)*t*m in USD with no intermediate rounding, then round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact weighted average volatility in percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_volatility_trace"},{"description":"Exact weighted volatility ratio used by the VaR calculation.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_ratio_trace"},{"description":"Exact disclosed heuristic confidence multiplier.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"confidence_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bjtxptob5edrlhyz2qatk","dataset_version":"task1-v4","question":"A trader buys 86819 base-currency units at USD 1 per unit and closes the long position at USD 1.4 per unit. One pip is a quote change of USD 0.0002 per unit. Compute signed pip difference = (close - open)/pip size, pip value = pip size x position units, and P/L = pip difference x pip value. A negative final value is a loss.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed quote movement.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"quote_change_trace"},{"description":"Signed number of pips.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"pip_difference_trace"},{"description":"USD value per pip.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pip_value_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bjty63fvywrgsdkzjk44k","dataset_version":"task1-v4","question":"Use exact arithmetic. Vega is G=18.5 USD of value change per one percentage-point volatility step, and the signed number of such steps is n=0.0298. Compute change=G*n in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_bjzxf7exy7eaorimjmqvg","dataset_version":"task1-v4","question":"A product's original unit price is 122 USD. Its supplied baseline gross margin ratio is 0.3, calculated from that same undiscounted unit price and the same per-unit accounting basis. In a comparison scenario, the selling price is discounted by 0.2 of the original price and the post-change unit cost is 61 USD. What percentage of the original per-unit gross profit is retained after the price discount and unit-cost change? This is a unit gross-profit retention percentage, not the post-change gross-margin percentage; a result above 100 percent means the post-change unit gross profit exceeds the baseline. Use exact arithmetic without feeding the independently displayed checkpoint downstream, and round the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the discounted selling price per unit before subtracting unit cost.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"discounted_unit_price_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_bk4gpkd4ignjafyvfinzk","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital policy. Tier 1 capital in USD millions is 16. Exposure in USD millions is 494. Divide capital by exposure, convert the ratio to percent, and compare it with an inclusive 3 percent threshold. Report the exact leverage percent and final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact leverage percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"leverage_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bkodi2lku6ufnf5bopvfc","dataset_version":"task1-v4","question":"Use exact arithmetic. Exposure is E=268620 USD, the threshold is T=306900 USD, and the penalty rate is r=2 percent. Define excess=max(E-T,0) and penalty=excess*(r/100). Compute the penalty in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed pre-floor exposure difference.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"},{"description":"Nonnegative penalized excess.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_blenfkjxlds57umbwqdri","dataset_version":"task1-v4","question":"A fictional token has 1173402 units in circulation and a price of 974 USD per token. Multiply supply by price per token. What is its market capitalization in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_bm4nntrjwbeqtnpbi2rpa","dataset_version":"task1-v4","question":"Under a fictional internal monitoring scenario, not a statement of current law or actual control effectiveness, a primary review detects exact decimal ratio 0.5 of one fixed eligible transaction population during one reporting period. A backup review is applied only to transactions missed by the primary review and detects an unknown conditional ratio of that missed set, so detections from the two stages do not overlap. The target unique combined detection ratio is 0.5, with the primary ratio strictly below the target. What minimum conditional detection ratio must the backup review achieve so unique combined detection reaches the target? Do not assume independent detectors or apply inclusion-exclusion. Report the required backup ratio as a percentage, using exact arithmetic and rounding only the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the complement ratio remaining after primary review.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"primary_miss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bmrs3we4rymmgs72rlf3w","dataset_version":"task1-v4","question":"A fictional digital account receives 1020.5 USD at the end of each month for 23 months. Its monthly compound rate is 1 percent. Convert the rate to a ratio i. Under the disclosed ordinary-annuity rule, future value equals monthly deposit times ((1+i) raised to the number of months minus 1) divided by i. What is the future value in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted monthly rate ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"monthly_rate_trace"},{"description":"Exact compound growth power.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_power_trace"},{"description":"Exact ordinary-annuity factor.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"annuity_factor_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_bobr6f7eip7vx7crcx3ls","dataset_version":"task1-v4","question":"A company has current assets of 264.267 and current liabilities of 44461/700 in USD millions. It plans a cash-funded non-current-asset purchase of 39, which reduces current assets by the purchase amount. The required current ratio is one plus the ratio 0.4. Determine the maximum additional short-term borrowing that can be added to both cash and current liabilities while exactly meeting the required current ratio. Report the result in USD millions, rounded to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute current assets remaining after the planned non-current-asset purchase","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"post_purchase_assets_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_bsht7t25elrr6xatpysra","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 4619190 USD, preferred shares outstanding are 30908, the preferred dividend is 1.5 USD per preferred share each quarter, and common shares outstanding are 729447. The disclosed inputs always make net income exceed annual preferred dividends. Annual preferred dividends equal preferred shares times the quarterly dividend per share times four. Subtract that amount from net income and divide by common shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual preferred dividend requirement.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Earnings available to common shareholders.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_bt3z23bnksghmg4rsxqpe","dataset_version":"task1-v4","question":"Estimate a target company's levered equity beta from two equally weighted comparable companies using the zero-debt-beta Hamada convention. Comparable A has levered beta 0.88, debt market value 2463 USD, common-equity market value 9860 USD, and marginal corporate tax rate 0.2. Comparable B has corresponding values 1.24, 6130 USD, 11714 USD, and 0.2. The target has debt market value 4590.5 USD, common-equity market value 15277 USD, and tax rate 0.2. For each comparable, divide observed levered beta by [equity plus (one minus tax rate) times debt] divided by equity. Take the unweighted arithmetic mean of the two unlevered betas, then multiply by the target company's factor of the same form. Assume debt beta is zero, interest tax shields are fully usable and stable, all debt and equity values are contemporaneous market values, and the comparable betas use the same market benchmark and estimation period. Ignore preferred stock, hybrids, cash, non-operating assets, and other beta adjustments. Report the target levered beta using exact arithmetic, independently round the two checkpoints and final to four decimals with half-up rounding, and never feed displayed checkpoints into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report comparable A's tax-adjusted debt term used in its Hamada factor.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"comparable_a_tax_adjusted_debt_checkpoint"},{"description":"Report comparable B's tax-adjusted debt term used in its Hamada factor.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"comparable_b_tax_adjusted_debt_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_btxbsfwkyej2widrg6zby","dataset_version":"task1-v4","question":"Use exact arithmetic. Loan amount is L=1888295.75 USD, the rate increase is r=2.8 percent, and the disclosed financing sensitivity is s=1.6. Compute additional cost=L*(r/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact rate-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"rate_ratio_trace"}]}}
{"answer_spec":{"allowed_values":["Hold","Investigate","Routine monitoring"],"type":"enum"},"case_id":"t1_bu36eo6aulfyiad3ja5my","dataset_version":"task1-v4","question":"Apply the fictional scenario-local monitoring policy given here, not current law or regulatory guidance. Current-window activity consists of 11 and 9, while comparable historical-window activity was 9. Define the current-volume growth ratio as (daytime volume + overnight volume - historical-window volume) divided by historical-window volume; its strict trigger threshold is 0.6. Transfers involving the scenario's elevated-risk corridor total 5. The baseline corridor threshold is 11. At each of exactly three sequential adjustment stages, reduce the surviving threshold by fraction 0.1876547 of its then-current value, with no replenishment between stages; the effective threshold is the baseline multiplied by one minus that fraction three successive times. The scenario also records a rapid-velocity flag of false, an incomplete-originator flag of false, and a mandatory-hold flag of true. The investigation trigger is true when both the growth threshold and effective corridor threshold are strictly exceeded, or when either metadata flag is present. Return Hold when the investigation trigger and mandatory-hold flag are both true; otherwise return Investigate when the investigation trigger is true; otherwise return Routine monitoring. Report the one-stage corridor-threshold retention factor independently using half-up rounding to six decimals, then return the exact policy action.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Hold`, `Investigate`, `Routine monitoring`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the corridor-threshold fraction retained after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"corridor_threshold_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_buxe3tfyd74tlzhmtkuji","dataset_version":"task1-v4","question":"Convert 440 units of a foreign base currency to USD at a direct quote of USD 4 per foreign unit. Because the quote is USD per base unit, multiply the amount by the quote. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_buytxrpcghtkrmjd2hxzm","dataset_version":"task1-v4","question":"A project costs 2923 USD now, produces an interim cash flow of 3062 USD after 6 whole years, and pays cleanup cost 917 USD together with salvage after 3 whole years. The same gross salvage and cleanup apply in both scenarios. The stress scenario has probability 0.5 and effective annual discount rate 0.25; the normal scenario has probability one minus that probability and effective annual discount rate 0.1. Compound each rate over the applicable whole-year horizon. Conditional scenario NPVs do not include scenario probabilities. Expected NPV is the probability-weighted decision-analysis expectation of those conditional NPVs, not a market value. What minimum gross terminal salvage makes expected NPV at least 150260079/117128 USD and stressed-scenario NPV at least 694 USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the conditional interim present value under normal discounting.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"normal_interim_present_value_checkpoint"},{"description":"Report the conditional interim present value under stress discounting.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"stressed_interim_present_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_byo77xlluvcvk5pwkp7x4","dataset_version":"task1-v4","question":"Convert 480 units of a foreign base currency to USD at a direct quote of USD 4 per foreign unit. Because the quote is USD per base unit, multiply the amount by the quote. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_bzezrzbu7uwykoropqecy","dataset_version":"task1-v4","question":"A green bond has principal 49518 USD, a whole-dollar amount from 20000 through 50000 inclusive, and compounds annually at 6.97 percent, an exact decimal from 3.00 through 8.00 inclusive with at most two decimal places, for 5 years, an integer from 3 through 7 inclusive. A tax credit of 13.24 percent applies to exact compound interest, with a rate from 5.00 through 15.00 inclusive. The financed project saves 4630 USD per year, a whole-dollar amount from 1000 through 5000 inclusive, and pays 48.82 USD per proportional 500-USD savings block each year, an exact decimal from 20.00 through 50.00 inclusive. The compound interest is treated as evenly distributed across years. Each year, 45 percent of that annual interest, an exact decimal from 10.00 through 50.00 inclusive, is reinvested at 5.26 percent annually, an exact decimal from 2.00 through 6.00 inclusive, at year-end for the remaining full years. The reinvestment contribution includes reinvested amounts and their accrued growth. Compute total benefit as interest plus tax credit plus total bonus plus the reinvestment contribution, excluding return of principal. All decimal rates have at most two decimal places. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact bond compound interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"interest_earned_trace"},{"description":"Exact total savings-linked bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_bonus_trace"},{"description":"Exact reinvestment contribution including reinvested amounts.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"reinvestment_contribution_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_c2zfdf76pd7m6dfzmc4fy","dataset_version":"task1-v4","question":"A company reports current assets of 44529 USD and current liabilities of 20376 USD. Compute current ratio = current assets / current liabilities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["Routine monitoring","Enhanced review","Suspend and refresh records","Restrict and investigate"],"type":"enum"},"case_id":"t1_c4qbgdmqcjmiykzcjfuru","dataset_version":"task1-v4","question":"Apply the following fictional scenario-local review policy, not current law or regulatory guidance. A customer's prior risk score is 1, current risk score is 8, material-migration threshold is 4, and elevated-current-risk threshold is 7. The current review also reports suspicious activity false and stale documentation true. Compute signed score migration as current risk score minus prior risk score. Use Enhanced review when that signed migration reaches the positive material-migration threshold or current risk reaches the elevated-current-risk threshold; otherwise use Routine monitoring. Stale documentation overrides that result with Suspend and refresh records, while suspicious activity has highest precedence and produces Restrict and investigate. Return exactly one of these four labels: Routine monitoring, Enhanced review, Suspend and refresh records, or Restrict and investigate.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Routine monitoring`, `Enhanced review`, `Suspend and refresh records`, `Restrict and investigate`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the signed current risk score minus prior risk score.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"risk_migration_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_c55ipk4afxhx4336x2eng","dataset_version":"task1-v4","question":"Use exact arithmetic. Free cash flows for Years 1 through 3 are 13, 14, and 14 USD million, discount rate is 10 percent, terminal growth rate is 3 percent, total debt is 94 USD million, and cash is 30 USD million. Disclosed inputs always satisfy discount rate greater than terminal growth. Discount each annual cash flow by one plus discount rate to its year power. Terminal value at the end of Year 3 equals Year-3 FCF times one plus terminal growth divided by discount rate minus terminal growth, then is discounted for three years. Equity value equals the sum of forecast and terminal present values minus total debt plus cash.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sum of exact forecast-period present values.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Present value of the terminal value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_c5r7tjb5se3khqyt25dcm","dataset_version":"task1-v4","question":"A company has a variable COGS rate ratio of 0.2, fixed operating costs of 20, interest expense of 13, and an income tax rate ratio of 0.3999995. Determine the revenue required to achieve after-tax income of 35.13603. Report the result in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Determine the after-tax retention ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"retention_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_c63duycjxc2ieg4bgp2a4","dataset_version":"task1-v4","question":"Use exact arithmetic. Existing debt is 441 USD million, original equity is 695 USD million, the new bond issue is 110 USD million, and buyback cash is 115 USD million. The disclosed inputs always satisfy buyback less than original equity. Add the bond issue to debt, subtract the buyback from equity, and divide adjusted debt by adjusted equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Debt after adding the new bond issue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Equity after the cash buyback.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_c6ein6vre2sgsa3y4acaq","dataset_version":"task1-v4","question":"Start with reporting-currency capital and convert it into base currency at normalized entry quote 2784043858/2500000625, expressed as reporting-currency units per base-currency unit. The entry conversion retains one minus fee ratio 0.02. At exit, convert all retained base currency back into the reporting currency at the normalized exit quote to be solved for and retain one minus fee ratio 0.07. Then deduct a financing charge equal to 0.0306153 times the initial reporting-currency capital. Determine the exact exit-quote threshold at which the net return equals 0.18. Carry all arithmetic exactly, then report that threshold using half-up rounding to six decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 6 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the return-and-carry gross growth multiple rounded half up to six decimals","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"gross_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_cb3iuj6ywp5kf47in456e","dataset_version":"task1-v4","question":"Use exact arithmetic. Existing debt is 475 USD million, original equity is 753 USD million, the new bond issue is 117 USD million, and buyback cash is 125 USD million. The disclosed inputs always satisfy buyback less than original equity. Add the bond issue to debt, subtract the buyback from equity, and divide adjusted debt by adjusted equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Debt after adding the new bond issue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Equity after the cash buyback.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_cb7r2runoiwi23psfteju","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan calculation. Principal in USD is 2530. Total interest amount in USD is 245. Add the two exactly and round only the final repayment half up to two decimals. Report the exact unrounded repayment.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_cbdqi5eviaj63tzvxpmo6","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=441450.75 USD. Signed interest, market, and credit changes are ci=2, cm=1, cc=3 percent; signed sensitivities are si=-1, sm=0, sc=0. Compute total change=V*(si*ci/100+sm*cm/100+sc*cc/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact interest effect ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"interest_effect_trace"},{"description":"Exact market effect ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"market_effect_trace"},{"description":"Exact credit effect ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"credit_effect_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ce4sldb2yoyawhknpumbs","dataset_version":"task1-v4","question":"At the stated post-earnout measurement date, the acquirer's predeal common shares have aggregate reference equity value 295 at one fixed contractual share price. Upfront base consideration is 98, excluding the earnout; 0.6 of that base is paid in cash and the remainder in acquirer common shares. The target sellers retain all upfront shares through the measurement date. A fully realized earnout with settlement value 39, incremental to the base consideration, is also settled entirely in common shares at the same unchanged price. Assume no other issuance, repurchase, disposal, option exercise, conversion, or price adjustment. Determine the target sellers' post-settlement percentage ownership of the common-share base.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report upfront consideration settled in acquirer common shares","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"upfront_stock_consideration_checkpoint"}]}}
{"answer_spec":{"allowed_values":["reduce_flexible_spending","use_external_funding","no_feasible_response"],"type":"enum"},"case_id":"t1_cf2dueekn2nx7g62b3icy","dataset_version":"task1-v4","question":"A household starts with a total budget of 1016. A cut of 0.2 is imposed while protected spending of 611 and planned flexible spending of 511 are intended to continue. Flexible spending may not fall below 196, and at most 254 of outside funding is available. Prefer reducing flexible spending if that alone covers the funding gap; otherwise use outside funding if it alone covers the gap. Which response should be selected under these rules?\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `reduce_flexible_spending`, `use_external_funding`, `no_feasible_response`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the budget remaining after the cut","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_cut_budget_checkpoint"},{"description":"Report the flexible spending available for reduction","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"reducible_spending_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_cff2rp3qh5yhfj5mgmt5w","dataset_version":"task1-v4","question":"A company has current debt of 108.419 and current equity of 48.5225. It plans additional borrowing of 42.528 and a debt repayment of 11.4. Determine the exact minimum new equity injection required after both debt actions so that the debt-to-equity ratio equals the permitted ceiling 1. Use full precision for the ratio equation, then report the injection rounded to two decimals in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report debt immediately after the planned borrowing and before repayment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"debt_after_borrowing_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_chbxb6jege27byw3aorkc","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Original budget in USD is 99. Added cost in USD is 0. Savings offset in USD is 101. Net added cost equals added cost minus savings offset. Revised budget equals original budget plus net added cost. Round only the final revised budget half up to two decimals. Report net added cost and exact revised budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed net added cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_added_cost_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_cih34uzs3qswlm6kbue2u","dataset_version":"task1-v4","question":"A financing principal of 19377 USD, a whole-dollar amount from 15000 through 30000 inclusive, compounds annually at 4 percent, an exact decimal from 4.00 through 8.00 inclusive with at most two decimal places, for 7 years, an integer from 2 through 4 inclusive. A sustainable-finance incentive reduces that annual rate by 3 percentage points, an exact decimal from 0.50 through 2.00 inclusive with at most two decimal places. The adjusted rate is the original rate minus the percentage-point discount and is guaranteed positive. Compute the reduction in compound interest as original interest minus adjusted-rate interest. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact original-rate interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"original_interest_trace"},{"description":"Exact adjusted annual percentage rate.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"adjusted_rate_trace"},{"description":"Exact adjusted-rate interest.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"adjusted_interest_trace"}]}}
{"answer_spec":{"allowed_values":["no_action","manual_review","file_sar"],"type":"enum"},"case_id":"t1_ckyfpwxzblqeqwxpp7vqo","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local AML decision policy. Base risk score is 5. Transaction flag is false. Identity flag is true. The medium score threshold is 5 and the high score threshold is 8. Return file_sar when score is at least 8 or both flags are true. Otherwise return manual_review when score is at least 5 or either flag is true. Otherwise return no_action. The file_sar branch has precedence. Report the high and review triggers before the final label.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `no_action`, `manual_review`, `file_sar`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the filing trigger.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"high_trigger"},{"description":"Report the review trigger.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"review_trigger"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_month"},"case_id":"t1_cncmppykv5z2wf2bg2ccs","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan calculation. Total repayment in USD is 2542. Positive integer month count is 14. Divide total repayment by month count exactly and round only the final monthly installment half up to two decimals. Report the exact unrounded installment.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_month` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_couf4gksuvcrp2r57ell6","dataset_version":"task1-v4","question":"Use exact arithmetic. Procurement spends are 116 and 113 USD million, procurement reduction is 15 percent of combined spend, and fixed annual IT savings are 21 USD million. Procurement savings equal combined procurement spend times the savings-rate ratio. Add fixed IT savings to obtain total annual savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual procurement spend.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Annual procurement savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_cpjzdw43bbiinxc5xevls","dataset_version":"task1-v4","question":"An acquisition requires an upfront cash payment of 1881057 USD. Expected cash synergies are operating savings 159182 USD, tax savings 166221 USD, additional revenue cash contribution 170637 USD, and working-capital benefits 169359 USD. Integration cash costs are technology integration 92547 USD and workforce integration 91764 USD. Compute the net cash flow impact as total synergies minus the acquisition payment and integration costs.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total expected cash synergies.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Acquisition payment plus integration cash costs.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["structure_a","structure_b","no_feasible_structure"],"type":"enum"},"case_id":"t1_cqkmq7nmplxr4knxzazek","dataset_version":"task1-v4","question":"An issuer compares green-bond structure A and structure B for the same principal 1020. Structure A has annual yield ratio 0.05, term 7, issuance cost 980, and eligible-proceeds share 0.8. Structure B has annual yield ratio 0.025, term 1, issuance cost 807, and eligible-proceeds share 0.4. For each structure, compound the principal over its term, subtract principal to obtain interest cost, and add issuance cost to obtain total financing cost. A structure is feasible only if total financing cost does not exceed 1023 and its eligible share reaches 0.6. Choose the lower-cost feasible structure, prefer structure_a on a cost tie, choose the sole feasible structure, or return no_feasible_structure when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `structure_a`, `structure_b`, `no_feasible_structure`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-period gross compound factor for structure A","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"structure_a_annual_factor_checkpoint"}]}}
{"answer_spec":{"allowed_values":["structure_a","structure_b","no_feasible_structure"],"type":"enum"},"case_id":"t1_crejypzcryj2swac5gyxi","dataset_version":"task1-v4","question":"An issuer compares green-bond structure A and structure B for the same principal 1019. Structure A has annual yield ratio 0.098400005, term 7, issuance cost 298.14898869089995, and eligible-proceeds share 0.8. Structure B has annual yield ratio 0.1, term 6, issuance cost 258, and eligible-proceeds share 0.8. For each structure, compound the principal over its term, subtract principal to obtain interest cost, and add issuance cost to obtain total financing cost. A structure is feasible only if total financing cost does not exceed 782 and its eligible share reaches 0.6. Choose the lower-cost feasible structure, prefer structure_a on a cost tie, choose the sole feasible structure, or return no_feasible_structure when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `structure_a`, `structure_b`, `no_feasible_structure`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-period gross compound factor for structure A","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"structure_a_annual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_crxsalaxio7ivl3b64kda","dataset_version":"task1-v4","question":"Current liabilities are 1311930 USD and current equity is 908190 USD. In the debt-financing scenario, the company issues 209650 USD of debt and equity is unchanged. In the equity-financing scenario, it issues 148075 USD of equity and liabilities are unchanged. Compute debt-scenario debt-to-equity minus equity-scenario debt-to-equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Debt-to-equity under debt financing.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Debt-to-equity under equity financing.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_ctlwrzeozfnpm3gri2ak4","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local securities policy. Ownership percent is 12.09. Disclosure threshold percent is 12.68. Compute signed margin as ownership minus threshold. Disclosure is required exactly when ownership is at least the threshold, including equality. Report margin and final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed ownership margin.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"ownership_margin_percent"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_ctxezu2fuxbhlx5kmveic","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local AML policy. Transaction count is 6. Each transaction amount in USD is 491.951. The count trigger is 6. The amount ceiling in USD is 492. The count condition is true at or above the trigger. The amount condition is true strictly below the ceiling. Alert only when both conditions are true. Report both conditions and the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the count condition.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"count_trigger_met"},{"description":"Report the amount condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"amount_below_ceiling"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_cvnxibkdcuui4cjg2v5fq","dataset_version":"task1-v4","question":"An investment account begins a measurement period at value 98. Immediately before a contribution of 19 is added after 0.6 of the period has elapsed, the account value is 132. At period end, the post-distribution account value is 176 and a terminal cash distribution of 20 is paid at that same time; the ending value excludes that distribution. There are no other external cash flows or valuation changes at the contribution instant. Compute the exact chain-linked time-weighted return from the pre-contribution and post-contribution subperiods. Independently compute the standard Modified Dietz return using the contribution's remaining-period weight. What is time-weighted return minus Modified Dietz return in signed percentage points?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact-return checkpoint for the pre-contribution subperiod.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_one_return_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_cvspqy7wtcuhomuppgtgq","dataset_version":"task1-v4","question":"A company has a variable COGS rate ratio of 0.2, fixed operating costs of 16.768, interest expense of 7, and an income tax rate ratio of 0.4. Determine the revenue required to achieve after-tax income of 34. Report the result in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Determine the after-tax retention ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"retention_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_cya24xq7gnooym5wkkyf4","dataset_version":"task1-v4","question":"An ESG project is expected to produce annual energy savings of 59 and annual water savings of 59, while requiring annual maintenance cost of 19. The full-horizon present-value multiplier for these recurring net benefits is 2. Using ROI = (present value of net benefits minus initial investment) divided by initial investment, compute the maximum initial investment that exactly meets the required ROI ratio 1.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report annual savings after maintenance","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"annual_net_benefit_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_cyderntqcljwptiuovayg","dataset_version":"task1-v4","question":"A saver enters a three-year retirement bridge with 101610. The remaining balance earns 0.05 annually. Withdrawals occur at each year-end: W after year 1, W times one plus 0.02 after year 2, and W times the square of that growth factor after year 3. Immediately after the third withdrawal, 19186.8509625 must remain. Compute the exact first-year withdrawal W that leaves the required reserve. Define the reserve equality using the unrounded exact withdrawal, then report W in USD rounded half up to two decimal places; the displayed amount is a reporting approximation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the gross two-year value of the opening capital before withdrawals","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"two_year_gross_capital_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_czi6jwk6oirhiudjckceu","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 8016592 USD, preferred shares are 37966, the quarterly preferred dividend is 2.2 USD per preferred share, beginning common shares are 657605, and the stock-split factor is 4. The disclosed inputs make net income exceed annual preferred dividends. Annualize preferred dividends over four quarters and subtract them from net income. For EPS, apply the stock split retroactively to all beginning shares for the full year, so adjusted weighted-average shares equal beginning shares times the split factor. Divide common earnings by those adjusted shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual preferred dividends.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Full-year share denominator restated for the stock split.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"case_id":"t1_d3cnvp4re2sdoqcssqrfg","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance score. Control failure count is 14. Risk points per failure are 0.92. Multiply exactly and round only the final score half up to two decimals. Report the exact weighted score before the final score.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `risk_point` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_d45kuvx5jshsfgctumrec","dataset_version":"task1-v4","question":"A fictional token has 1130910 units and an initial price of 984 USD per token. Staking locks 101.5 percent of supply, while the local scenario increases price by 100 percent. Convert both percentages to ratios. Effective supply equals supply times one minus the lock ratio; adjusted price equals initial price times one plus the increase ratio; new market cap equals effective supply times adjusted price. What is the new market cap in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Effective supply after lockup.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"effective_supply_trace"},{"description":"Adjusted token price.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"adjusted_price_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_d4bl3fsgqkmffspfoib3q","dataset_version":"task1-v4","question":"A fictional protocol has 1161774 token units at an unchanged price of 971 USD per token. It emits new tokens equal to 2 percent of current supply. Convert the percentage to a ratio, add one, multiply current supply by that multiple, then multiply the new supply by price. What is the new market cap in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted emission ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"emission_ratio_trace"},{"description":"Exact supply after emission.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"new_supply_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_d4c3fmic4ae376rvjs7yk","dataset_version":"task1-v4","question":"A company spends exactly 4001 USD, an integer from 2000 through 50000 inclusive, to buy divisible carbon credits. The base price is 16 USD per credit, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places, and a 9 percent purchase discount applies, an exact decimal from 5.00 through 10.00 inclusive with at most two decimal places. The full investment is spent at the exact discounted price. The company retains up to 306 purchased credits for its offset target, an integer from 200 through 500 inclusive; surplus is max(0, purchased credits minus this target). Only surplus credits are sold at a 13 percent premium over the exact discounted price, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. The company also receives a fixed rebate of 988 USD, an integer from 500 through 2000 inclusive. Compute net cash impact as exact surplus-sale revenue plus the rebate minus the initial investment. Credits retained for offset have no separate cash value in this calculation. Use exact arithmetic and round only the final signed USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact discounted unit price used downstream without trace rounding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_credit"},"slot_id":"discounted_price_trace"},{"description":"Exact divisible-credit quantity used downstream without trace rounding.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"credits_purchased_trace"},{"description":"Exact clamped surplus quantity used downstream without trace rounding.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"surplus_credits_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_d4c5tpewronpszfonwtza","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=281435.25 USD. Factor weights are w1=9, w2=39, w3=51 percent and sum exactly to 100. Signed factor changes are c1=2, c2=-1, c3=1 percent; signed sensitivities are s1=1, s2=-2, s3=1. For each i define impact_i=V*(wi/100)*(ci/100)*si, then sum all three impacts. Compute the signed USD total without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact first-factor impact.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"impact_one_trace"},{"description":"Exact second-factor impact.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"impact_two_trace"},{"description":"Exact third-factor impact.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"impact_three_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_d6czs24fa4f3vy4kelp7w","dataset_version":"task1-v4","question":"Before preferred distributions and a planned common-share issuance, earnings normalized per current common share are 5.67. The issuance increases the common-share base by ratio 0.2. To keep exact pro forma post-issuance EPS at or above 1, determine the maximum preferred-dividend allocation per current common share. Report the result in USD per current common share, rounded half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the post-issuance share-base multiple","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"dilution_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_d6zifhmcswbg42avycnye","dataset_version":"task1-v4","question":"Use exact arithmetic. Duplicate operating cost at Company A is 195 USD million, duplicate operating cost at Company B is 191 USD million, and integration reduces their combined amount by 34 percent. Add the two costs, convert the percentage to a ratio, and multiply to obtain annual savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined duplicate operating cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dadqaarahx7db2vebpfho","dataset_version":"task1-v4","question":"All USD amounts are per underlying share. A cash-settled call expires in the money at terminal stock price 132.92 with strike price 51. Its intrinsic payoff is terminal price minus strike. Deduct the additional settlement fee 40.6, which is separate from the strike already embedded in that payoff. Simple nonannualized expiration ROI equals (intrinsic payoff minus settlement fee minus premium) divided by premium. For target ratio 4, where 0.20 means 20%, compute the exact premium threshold at which ROI equals the target. Ignore financing and discounting. Carry the threshold exactly, then report it using half-up rounding to cents. The displayed amount is a rounded report of the exact threshold, not necessarily the greatest executable whole-cent premium.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the per-share intrinsic payoff rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"intrinsic_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_dckvplh25wi2zkrbgzmvw","dataset_version":"task1-v4","question":"A sustainability report lists annual energy cost 113544 USD, a whole-dollar amount from 60000 through 120000 inclusive, reduced by 10.6 percent, an exact decimal from 5.00 through 12.00 inclusive with at most two decimal places. It also lists annual waste-management cost 38762 USD, a whole-dollar amount from 15000 through 40000 inclusive, reduced by 15.7 percent, an exact decimal from 8.00 through 18.00 inclusive with at most two decimal places. Apply each reduction once to its own cost base. Compute combined annual savings as exact energy savings plus exact waste savings, and round only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual energy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"energy_savings_trace"},{"description":"Exact annual waste savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"waste_savings_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_dczk6cbnhn6beyy6gwxm2","dataset_version":"task1-v4","question":"A company compares otherwise identical annualized run-rate states before and after an asset disposal. After the action it retains a net total-asset base of 97.91003, while 49 is the true reduction from the pre-action total-asset base after accounting for any disposal proceeds retained or distributed. Comparable run-rate net sales fall by 0.4. Relative to pre-action asset turnover, the asset-base reduction alone would create a gross mechanical turnover uplift, while the sales loss creates a turnover drag. What percentage of that gross mechanical uplift is offset by the sales-loss drag?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the comparable total-asset base before the disposal.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"pre_action_asset_base_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dfra3l3ozxyel5ykabkys","dataset_version":"task1-v4","question":"A fictional crypto transfer has gross value 982 USD and a fee of 2 percent. Convert the fee to a ratio, subtract it from one, and multiply by gross value. What net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retained_ratio_trace"}]}}
{"answer_spec":{"allowed_values":["earlier_date","later_date","neither_date"],"type":"enum"},"case_id":"t1_dhh34rszsb27vxbzyu6kc","dataset_version":"task1-v4","question":"A saver has 77760 and can add a one-time contribution of 19720 today. The combined amount earns 0.0500005 annually in the stated scenario. An earlier retirement in 4 years requires capital of 105204, while a later retirement in 5 years requires 109231. Either date is feasible only if projected capital exceeds its date-specific requirement by at least 4862. Prefer the earlier date whenever it is feasible; otherwise choose the later date if feasible. Which retirement date should be selected?\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `earlier_date`, `later_date`, `neither_date`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the compound growth factor to the earlier date","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"earlier_growth_factor_checkpoint"},{"description":"Report the compound growth factor to the later date","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"later_growth_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_diozovdeqzwjgprwi25ee","dataset_version":"task1-v4","question":"A fictional local model has signed tweet, news, and price signals of 1, 0.0292, and 0.0202. Their positive weights are 0.5, 2, and 1.16. The model clips the weighted sum between -1 and 1. Multiply each signal by its weight, sum the three components, take the larger of the sum and the floor, then the smaller of that result and the cap. What dimensionless composite sentiment score is published?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Weighted tweet component.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"tweet_component_trace"},{"description":"Weighted news component.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"news_component_trace"},{"description":"Unclipped composite score.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"raw_composite_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dk5e23w4nve2pwta3hw3e","dataset_version":"task1-v4","question":"A transfer is charged a proportional fee ratio of 0.2 and then a fixed network fee of 4 USD, after which a rebate of 24.32 USD is credited. Determine the exact gross transfer amount required for the recipient to obtain exactly 101 USD. Reverse the stages in order by removing the rebate, restoring the fixed fee, and dividing by the proportional-fee retention ratio. Carry all arithmetic exactly, then report the required gross transfer in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the receipt required before applying the rebate.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"pre_rebate_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dk6hegkpwtnglarkkikpi","dataset_version":"task1-v4","question":"A portfolio must keep the sum of market-shock loss and liquidity-spread cost within 0.307. The market shock ratio is 0.2, its loss sensitivity is 0.4, and the liquidity spread ratio is 0.04. Both loss components scale with the same portfolio value. Compute the maximum portfolio value that exactly exhausts the combined loss budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market-shock loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"market_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dkocmtsebpgtytz4vrprg","dataset_version":"task1-v4","question":"A three-year bond has face value USD 2418, pays an annual coupon equal to 4 percent of face value at each year end, and has an effective annual yield of 5 percent. Discount the year-one coupon by (1+y), the year-two coupon by (1+y)^2, and the year-three coupon plus face value by (1+y)^3, then sum exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Final coupon plus face value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"terminal_cash_flow_trace"},{"description":"PV of final cash flow.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_terminal_trace"}]}}
{"answer_spec":{"allowed_values":["low_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_dkozpdhdtn6g5gzdmxvy4","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local source-of-funds policy, not current law or external country data. The supplied source risk score is 1. The supplied jurisdiction risk score is 10. The deposit amount in whole USD is 101118. The supplied evidence traceability is medium. Add the two scores exactly. The high_value_low_traceability route applies exactly when the amount is at least USD 100000 and traceability is low. Return high_risk when the total score is at least 12 or that combination route applies; otherwise return medium_risk when the total is at least 8; otherwise return low_risk. Report the total score and combination route before the final label.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `low_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report source score plus jurisdiction score.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"total_risk_score"},{"description":"Report the named amount-and-traceability route.","position":2,"result_spec":{"allowed_values":["standard_amount_route","high_value_low_traceability_route"],"type":"enum"},"slot_id":"amount_traceability_route"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dlmc3vzqyuit7gseodxxm","dataset_version":"task1-v4","question":"A fictional banking app sends 987 USD and charges 0 percent of the transfer amount. Convert the percentage to a ratio, multiply by transfer amount to obtain the fee, then add fee to transfer amount. What total amount is deducted in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact transfer fee amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"fee_amount_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dn5zrkshdeaheu4wxrx4g","dataset_version":"task1-v4","question":"A fictional market event changes only the stated trading volume. The initial volume is 973.5 USD and the increase is 1 percent. Convert the percentage to a ratio, add one, and multiply by the initial volume. What is the new trading volume in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact multiplier applied to volume.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"volume_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dnmxiqyxbzk6uvizsbcbm","dataset_version":"task1-v4","question":"A transfer of 148 USD may use Network A or Network B. Compute both candidate route receipts before applying the routing rule. Network A deducts fee ratio 0.3 and then fixed fee 4 USD. Network B deducts fee ratio 0.39998, then fixed fee 6 USD, and finally increases the post-fee amount by bonus ratio 0.1. Using unrounded intermediate amounts, use Network A if its net receipt is at least 99 USD, including exact equality; otherwise use Network B. What net receipt is selected? Carry all arithmetic exactly and round only the selected receipt half up to two decimal places in USD.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Network B's receipt after its proportional fee and before its fixed fee and bonus.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"network_b_after_ratio_fee_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_doecyw6n26opkosblbjom","dataset_version":"task1-v4","question":"A fictional local dataset contains 13 influential tweets. Their signed average polarity is -14/17 and the engagement weight is 99 percent. Treat the count as a dimensionless integer, convert engagement to a ratio, and multiply count, polarity, and engagement ratio. What is the tweet-based dimensionless sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted engagement ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"engagement_ratio_trace"},{"description":"Polarity-weighted tweet total.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"polarity_total_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dp4uywtp2nsrpukvuelji","dataset_version":"task1-v4","question":"A fictional merchant processes a sale of 1031 USD and pays a merchant discount fee of 101 percent. Convert the percentage to a ratio, multiply sale amount by one minus that ratio, and report the result. What net amount does the merchant receive in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after processing fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"merchant_keep_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dqseivoi43bzxty7jzjsa","dataset_version":"task1-v4","question":"An account starts with USD 16751. After 8 years, an additional USD 1232 is deposited. The annual compound rate is 0 percent, and the account then remains invested for 8 more years. Compute the ending value of each contribution separately, add them, and subtract both contributions. Use exact arithmetic and round only the final interest.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Ending value of the initial principal.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"initial_ending_trace"},{"description":"Ending value of the later deposit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"deposit_ending_trace"},{"description":"Combined ending balance.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"}]}}
{"answer_spec":{"allowed_values":["Scenario A","Scenario B","Neither scenario"],"type":"enum"},"case_id":"t1_dqvtyfgnyflw264e7xslg","dataset_version":"task1-v4","question":"An asset has original cost 277 and accumulated depreciation of 59 in USD millions. Scenario A revises residual value to 121 and applies per-subperiod depreciation ratio 0.1999995; Scenario B uses 69 and 0.15. Under this fictional scenario rule, the next reporting interval contains exactly three equal sequential subperiods. In each subperiod, the scenario-specific ratio applies again to the balance above residual value, while residual value itself is not depreciated. A scenario qualifies only if its exact cumulative three-stage depreciation is at most 80 and its remaining depreciable balance above residual is at least 31. Return the qualifying scenario with lower exact cumulative depreciation, choose Scenario A on an exact tie, or return Neither scenario when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Scenario A`, `Scenario B`, `Neither scenario`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Scenario A's one-subperiod balance-retention factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"a_one_stage_retention_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_drh726tq3by4edomehwam","dataset_version":"task1-v4","question":"Use exact arithmetic. Shares before the stock dividend are 3351720, the stock-dividend rate is 20 percent, last year's cash dividend per share was 1.8 USD, and the cash-DPS growth rate is 10 percent. New shares equal old shares times one plus the stock-dividend rate. New cash dividend per share equals last dividend per share times one plus cash-DPS growth. Total cash distributed equals exact new shares times exact new cash dividend per share.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Shares outstanding after the stock dividend.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_1"},{"description":"Cash dividend per share after growth.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_drzhl7ef7r6nnlbf44kpi","dataset_version":"task1-v4","question":"An investor buys 119 fund shares at USD 36 each, later sells them at USD 44 each, receives USD 0 per share per year for 7 years, and pays an annual fee of 1 percent of the initial investment. Fees are simple: initial investment x annual fee rate x years, with no compounding. Compute net profit = sale proceeds - initial investment + total dividends - total fees, then ROI = net profit / initial investment x 100 percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total dividends received.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_dividends_trace"},{"description":"Total simple annual fees.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_fees_trace"},{"description":"Net holding-period profit.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_profit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_dtcq3nmm6o7sz5p3fnoa2","dataset_version":"task1-v4","question":"Under the fictional scenario assumptions stated here, an investor has 92 direct long shares, 49 shares attributed through related holdings, and derivative notional equivalent to 48.7875 shares with exposure delta 0.4. The investor also has 194 shares of offsetting short exposure. The issuer has 1974 shares outstanding. Multiply derivative reference shares by delta, add all long exposure, subtract the short hedge, divide the signed result by shares outstanding, and convert the ratio to a percentage. Report the derivative-equivalent shares independently using half-up rounding to two decimal places, and report the net economic exposure percentage using independent half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report delta-adjusted derivative-equivalent shares.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"slot_id":"derivative_equivalent_checkpoint"}]}}
{"answer_spec":{"allowed_values":["timely_disclosure","late_disclosure","immediate_escalation"],"type":"enum"},"case_id":"t1_dv3vs773udlhrozy5fovw","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local disclosure policy. Event day offset is 26. Disclosure day offset is 26. Allowed delay in whole days is 11. Leak flag is false. Delay equals disclosure day minus event day. A disclosure is late only when delay is strictly greater than the allowance; equality is timely. Return immediate_escalation when leak flag is true, otherwise late_disclosure when late, otherwise timely_disclosure. Leak precedence is absolute. Report delay and late condition.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `timely_disclosure`, `late_disclosure`, `immediate_escalation`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed disclosure delay.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"days"},"slot_id":"disclosure_delay_days"},{"description":"Report late condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"late_condition"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dvb3sxk3ju32zmkgdv3fg","dataset_version":"task1-v4","question":"Opening cash is 38971 USD. Net operating cash flow is 56215 USD, net investing cash flow is -3405 USD, and net financing cash flow is 4354 USD. Each net flow is signed: positive means inflow and negative means outflow. Compute closing cash.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dwhsglz6aqauusodbkgws","dataset_version":"task1-v4","question":"All USD amounts are per share. An investor expects gross terminal sale proceeds 89 and holding-period dividend cash 20.445. Selling incurs exit cost 9, while buying incurs entry cost 4 in addition to the quoted purchase price. Complete acquisition outlay is the quote plus entry cost. Simple nonannualized total return is net terminal receipts minus complete acquisition outlay, divided by that outlay. For target ratio 0.25, where 0.20 means 20%, compute the exact binding quoted purchase price at which total return equals the target. Ignore taxes, financing, discounting, and dividend reinvestment. Carry the threshold exactly, then report it using half-up rounding to cents. The displayed amount is a rounded report of the exact threshold, not necessarily the greatest executable whole-cent quote.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report expected terminal receipts after exit cost rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_receipts_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dx7si6oqxcmmbo6nqx7dc","dataset_version":"task1-v4","question":"An issuer will split a total financing principal between a green-bond tranche and a conventional tranche. The green tranche receives share 0.7, earns annual yield ratio 0.05, and compounds for 5 annual periods. The remaining principal funds the conventional tranche, which earns annual yield ratio 0.1 and compounds for 5 annual periods. Total maturity repayment equals the green principal share multiplied by its compound maturity factor plus the conventional principal share multiplied by its compound maturity factor. Given the total maturity-repayment cap 124.478505, compute the maximum total principal that makes repayment exactly equal to the cap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the full-term compound factor for the green-bond tranche","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"green_maturity_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_dy2e7suvkvhkfy7es6p4g","dataset_version":"task1-v4","question":"A sustainability project has an initial cost of 112699 USD, a whole-dollar amount from 50000 through 200000 inclusive. It saves 5599 USD per month on energy, a whole-dollar amount from 3000 through 10000 inclusive, receives 16467 USD per year, a whole-dollar amount from 10000 through 30000 inclusive, and reduces annual operating costs of 81775 USD, a whole-dollar amount from 50000 through 150000 inclusive, by 3.42 percent, an exact decimal from 2.00 through 8.00 inclusive with at most two decimal places. The project runs for 2 years, an integer from 3 through 7 inclusive. Assume all annual cash flows are constant and ignore discounting. Compute net benefit as years times annual energy savings plus exact efficiency savings plus the annual tax credit, minus the initial cost. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual energy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_energy_savings_trace"},{"description":"Exact annual efficiency savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_efficiency_savings_trace"},{"description":"Exact total benefits before subtracting initial cost.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_savings_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_dy2g4ofovgnxcaenwqoto","dataset_version":"task1-v4","question":"An asset costs 98174 USD, has an estimated residual value of 17860 USD, and has a useful life of 11 years. Assume straight-line depreciation and no partial-year convention. Compute annual depreciation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Cost less residual value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_dyvd6gbmop3hqvd6mz2ym","dataset_version":"task1-v4","question":"A portfolio return is 8 percent, the risk-free rate is 4 percent, and portfolio standard deviation is 2 percent. Compute the Sharpe ratio as (R_p - R_f) / sigma_p. Because all three inputs are displayed percentages, divide their displayed values directly and use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Portfolio return minus risk-free return.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"excess_return_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_e2x6sx723by62nuzlcwkk","dataset_version":"task1-v4","question":"Use exact arithmetic. Total capital is C=179894.75 USD and the disclosed risk-appetite allocation is a=76.5 percent. Compute allocation=C*(a/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact allocation ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_e3rxmgmfe4odhzhhunw2k","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual operating cost bases are 280 and 284 USD million, gross synergy rate is 13 percent of combined cost, one-time integration cost is 74 USD million, straight-line amortization period is 2 years, and corporate tax rate is 28 percent. Annual integration charge equals integration cost divided by amortization years. Pre-tax net savings equal gross synergy savings minus annual integration charge. After-tax annual savings equal pre-tax net savings times one minus the tax-rate ratio. A negative result remains negative.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual gross synergy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Annual savings before corporate tax.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_eammy2anktgcomltjau2g","dataset_version":"task1-v4","question":"A fictional plan deposits 1030 USD at each month end for 13 months. Its monthly return is 1 percent, and a one-time ending advisory fee of 1 percent is applied to accumulated value. Convert rates to ratios. Before-fee value equals contribution times ((1+monthly return) raised to months minus 1) divided by monthly return. Multiply by one minus ending-fee ratio. What is the projected value after fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound growth power.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_power_trace"},{"description":"Exact ordinary-annuity factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"annuity_factor_trace"},{"description":"Accumulated value before fee.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"before_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ehirfoh7veczjpxvqq4ik","dataset_version":"task1-v4","question":"A fictional regulatory announcement has a locally supplied signed price impact and requires no external facts. The initial asset price is 987 USD and the impact is 0 percent, where negative means a decline and positive means an increase. Convert the impact to a ratio, add one, and multiply by the initial price. What is the resulting price in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed impact ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"impact_ratio_trace"},{"description":"Exact price multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"price_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_eixr7v6mp5oqfd5afmfcg","dataset_version":"task1-v4","question":"A project costs USD 4326 at time zero, pays USD 1369 at the end of year one, and USD 2443 at the end of year two. The annual discount rate is 17 percent. Compute NPV = CF1/(1+r) + CF2/(1+r)^2 - I0, where r is the percent rate divided by 100. Keep all intermediate values exact.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Present value of year-one cash flow.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_one_trace"},{"description":"Present value of year-two cash flow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_two_trace"},{"description":"Total present value of inflows.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_pv_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ejcqy7ahappnjpas4dpyu","dataset_version":"task1-v4","question":"An asset costs 116230 USD, has zero residual value, and a useful life of 13 years. It receives 12 months of straight-line depreciation in its acquisition year, then 3 complete depreciation years before disposal. It is sold immediately after those periods for 53655 USD, with no disposal-period depreciation beyond the stated periods. Compute signed disposal gain or loss = sale price minus carrying amount.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual straight-line depreciation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"trace_1"},{"description":"Total depreciation through disposal.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Carrying amount immediately before disposal.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_ejhxbfqsbsrnuosoj5lr4","dataset_version":"task1-v4","question":"A company reports net sales of 527974 USD and average total assets of 468413 USD for the same period. Compute asset turnover = net sales / average total assets.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ejkza2enfrve75glijllw","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio calculation. Portfolio value in USD is 2440. Target asset ratio is 0.8. Asset amount equals portfolio value times the ratio. Remaining ratio equals one minus the ratio, and remaining amount equals portfolio value times remaining ratio. Round only the final asset amount half up to two decimals. Report exact asset and remaining amounts.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact remaining amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"remaining_amount_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ejyacsxkxtluyxuch4qrc","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio calculation. Expected value in USD is 246. Volatility ratio is 0.4. Spread equals expected value times volatility ratio. Lower bound equals expected value minus spread. Upper bound equals expected value plus spread. Round only the final upper bound half up to two decimals. Report spread and exact lower bound.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact band spread.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"band_spread_usd"},{"description":"Report exact lower bound.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"lower_bound_usd"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_ekfgt2stc4bnxwoulhdxi","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local offer policy, not any real exemption. Annual income in USD is 12062. Net worth in USD is 68663. Proposed investment in USD is 6726. The scenario limit is exactly 10 percent of the larger of income and net worth. The proposal is allowed when it is at most that limit, including equality. Report the selected financial base and limit before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report selected financial base.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"financial_base_usd"},{"description":"Report exact investment limit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"investment_limit_usd"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_el7krotqtkotz5fho5fxw","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local ownership policy. Direct ownership percent is 6. Indirect ownership percent is 19.777. The scenario control flag is false. The ownership threshold percent is 24. Add direct and indirect ownership exactly. Enhanced review is true when total ownership is at least the threshold or the control flag is true. Report total ownership and the threshold condition before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined ownership.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"total_ownership_percent"},{"description":"Report the ownership condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"ownership_threshold_met"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_epfqy5trfzx7p4q2ql2d4","dataset_version":"task1-v4","question":"An investment of USD 3904 produces gross profit of USD 2268. In this exact algebraic scenario, apply a tax rate of 39 percent directly to gross profit, so after-tax profit = gross profit x (1 - tax rate/100). Compute after-tax ROI = after-tax profit / initial investment x 100 percent. No other tax rules apply.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction of gross profit retained after tax.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retention_rate_trace"},{"description":"Profit after applying the stated algebraic tax factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_profit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_eq3bt6fofkakbnoffwiqc","dataset_version":"task1-v4","question":"A fictional local dataset contains 10 articles. Their signed average sentiment is 13/17, their local source-quality weight is 0.7, and their influence weight is 1 percent. Treat article count as a dimensionless integer, convert influence to a ratio, and multiply all four values. What is the news-based dimensionless sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Source-quality weighted sentiment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"quality_sentiment_trace"},{"description":"Converted influence ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"influence_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_eq5ao4kybfocggsgbohpa","dataset_version":"task1-v4","question":"Three annual merger-synergy workstreams are measured on the same pre-tax operating-contribution basis. Their unadjusted headline values are procurement savings 41, IT savings 36, and revenue-synergy contribution 24, all in USD millions. Due diligence identifies procurement-IT overlap 5, procurement-revenue overlap 6, and IT-revenue overlap 5. Each pairwise overlap includes the same common three-way overlap 1. Apply inclusion-exclusion to deduplicate the headline opportunities, then realize ratio 0.9 of that deduplicated amount. Deduct fully tax-deductible annual integration charge 31 from the positive realized amount before applying tax rate 0.2. What percentage of the unadjusted headline sum remains as annual after-tax net captured synergy? Use the sum of the three headline values as the denominator intentionally.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the unadjusted headline sum across the three workstreams","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"headline_savings_checkpoint"},{"description":"Compute the sum of pairwise overlaps before restoring the common three-way overlap","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"pairwise_overlap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_eqzhsopsa44qvuw7vulvi","dataset_version":"task1-v4","question":"An account starts with USD 3754, has a nominal annual rate of 5 percent, and compounds quarterly for 1 years. Use m = 4, A = P(1 + (r/100)/m)^(m n), and interest = A - P. Use exact arithmetic and do not round intermediate values.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact quarterly rate ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"quarterly_rate_trace"},{"description":"Ending account balance.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_eqzoiv73e5xrz62m7ikho","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local calculation, with no legal conclusion. Share count is 12. Purchase price per share in USD is 9. Sale price per share in USD is 7.925. Subtract purchase price from sale price, multiply by share count, and round only the final signed gain half up to two decimals. Report gain per share and exact total.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed gain per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"gain_per_share"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_er73zbzpgbtwf6p22ijcw","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Foreign income in USD is 2442. Domestic tax ratio is 0.4. Foreign tax already paid in USD is 98. Relief cap ratio is 0.25. Domestic tax before relief equals income times domestic ratio. Credit cap equals that tax times the relief cap ratio. Allowed credit is the smaller of foreign tax paid and the cap. Net domestic tax is the larger of domestic tax before relief minus allowed credit and zero. Round only the final net tax half up to two decimals. Report domestic tax before relief, allowed credit, and exact net tax.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report domestic tax before relief.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"domestic_tax_before_relief_usd"},{"description":"Report allowed credit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"allowed_credit_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ernw3566d2enqwkwrvz72","dataset_version":"task1-v4","question":"A product's original unit price is 99 USD. Its supplied baseline gross margin ratio is 0.4, calculated from that same undiscounted unit price and the same per-unit accounting basis. In a comparison scenario, the selling price is discounted by 0.2 of the original price and the post-change unit cost is 51.046 USD. What percentage of the original per-unit gross profit is retained after the price discount and unit-cost change? This is a unit gross-profit retention percentage, not the post-change gross-margin percentage; a result above 100 percent means the post-change unit gross profit exceeds the baseline. Use exact arithmetic without feeding the independently displayed checkpoint downstream, and round the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the discounted selling price per unit before subtracting unit cost.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"discounted_unit_price_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_esf2rnyynedelrwwduyzm","dataset_version":"task1-v4","question":"Use exact arithmetic. Reported capital is C=225216.75 USD and the supplied scenario minimum is M=307079.98 USD. Define deficiency=max(M-C,0). Compute the deficiency in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed capital difference before the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_deficiency_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_et73aawtztcesdhtigiay","dataset_version":"task1-v4","question":"An account must reach 1472.4206 USD after 1 whole annual compounding periods at annual rate ratio 0.1. A later contribution of 98 USD is deposited at a compounding boundary from which exactly 5 whole periods remain, and it earns the same rate. Using exact compounding, what initial principal is required at the start? Report USD to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the compound growth factor applied to the later contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"later_contribution_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_etahvaenzsrhw6v23ezfa","dataset_version":"task1-v4","question":"A fictional protocol has 1128265 token units at an unchanged price of 987 USD per token. It emits new tokens equal to 98 percent of current supply. Convert the percentage to a ratio, add one, multiply current supply by that multiple, then multiply the new supply by price. What is the new market cap in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted emission ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"emission_ratio_trace"},{"description":"Exact supply after emission.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"new_supply_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_etjvuqbwg6phhg2laq4ye","dataset_version":"task1-v4","question":"A company has an annual energy cost of 28470 USD, a whole-dollar amount from 20000 through 50000 inclusive. An efficiency upgrade reduces that cost by 6 percent, an integer percentage from 5 through 15 inclusive. Apply the percentage once to the full original annual cost. Compute the new annual cost as original cost times one minus the saving ratio. Use exact arithmetic and round only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact saving ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"saving_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_exglw54wj5qfgypmj6vrs","dataset_version":"task1-v4","question":"Use exact arithmetic. New debt principal is 814190 USD, annual interest rate is 8 percent, and corporate tax rate is 32.75 percent. Disclosed tax rates lie from zero through one hundred. Annual interest equals debt times the interest-rate ratio. After-tax interest cost equals annual interest times one minus the tax-rate ratio.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual interest expense before tax.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"One minus the corporate tax rate.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_eylosu5lgs3qr3a2a2dhq","dataset_version":"task1-v4","question":"Apply the fictional scenario-local planning rule stated here, not current law or regulatory guidance. A bank has eligible Tier 1 capital 39 and eligible Tier 2 capital 74.75, risk-weighted assets 1018, and total exposure 509, all in USD millions. The scenario supplies minimum capital ratio 0.08, capital buffer ratio 0.04, and minimum leverage ratio 0.08 as decimal ratios. One signed Tier 1 adjustment x changes both Tier 1 capital and total eligible capital by x while leaving Tier 2 capital, risk-weighted assets, and exposure fixed. Add the minimum capital ratio and buffer ratio. The capital constraint requires x to be at least combined_ratio*risk_weighted_assets-(Tier1+Tier2), while the leverage constraint requires x to be at least minimum_leverage_ratio*total_exposure-Tier1. Return the larger gap. Positive x is Tier 1 issuance required, zero is exactly binding, and negative x means the scenario permits withdrawal of -x while both constraints still hold. Independently report the combined capital requirement ratio using half-up rounding to six decimals; use its exact unrounded value downstream. Report x in USD millions using half-up rounding to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined capital requirement ratio independently.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"combined_capital_requirement_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ez3bmvdgrwx45ydbn56sq","dataset_version":"task1-v4","question":"A green bond has principal 16297 USD, a whole-dollar amount from 10000 through 25000 inclusive, and an annual coupon yield of 3.24 percent, an exact decimal from 3.00 through 8.00 inclusive with at most two decimal places. It compounds annually for 7 years, an integer from 2 through 5 inclusive. The financed project saves 1688 USD each year, a whole-dollar amount from 1000 through 5000 inclusive, and pays the investor 13.62 USD for every 500 USD of annual savings, an exact decimal from 10.00 through 30.00 inclusive with at most two decimal places. Fractional 500-USD savings blocks earn a proportional bonus. Compute total benefit as compound interest plus the annual bonus times years, excluding principal. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"interest_earned_trace"},{"description":"Exact proportional annual bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_bonus_trace"},{"description":"Exact total bonus over the term.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_bonus_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_f24wco3ieosoqym5vcrno","dataset_version":"task1-v4","question":"A company plans two sequential reporting periods. Its unknown opening cash is carried through both periods. Period one has cash inflow 97.1601 and cash outflow 29. Period two then has cash inflow 49 and cash outflow 31. Each period-end cash balance must be at least 198. Assume every stated flow occurs before its period end, only period-end balances are tested, and there are no other cash flows, interest, or intraperiod liquidity requirements. What is the minimum opening cash that satisfies both period-end floors? All cash amounts are in USD millions; use exact arithmetic and round only the final answer to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report period-one net cash flow as a fraction of the required cash floor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_one_net_to_floor_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_f2i2nt7fq2xoiwnitomve","dataset_version":"task1-v4","question":"Use exact arithmetic. Capital is C=461790.75 USD, the risk factor is f=22 percent, and the risk premium is p=8 percent. Compute additional allocation=C*(f/100)*(p/100) in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact risk-factor ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"},{"description":"Exact premium ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"premium_ratio_trace"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_f3vxoyetaajxamov6ncc4","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local multi-entity policy. Entity A ownership percent is 15. Entity B ownership percent is 12. Entity C ownership percent is 0. The aggregate threshold percent is 24. The single-entity threshold percent is 14. Add all three percentages and also find their maximum. Review is true when the aggregate is at least its threshold or the maximum is at least its threshold. Report the aggregate and maximum before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report aggregate ownership.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"aggregate_ownership_percent"},{"description":"Report largest ownership.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"largest_entity_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_f4qv4gngwk5job63kt3eg","dataset_version":"task1-v4","question":"An investment costs 47415 USD at time 0, and that amount remains its tax basis. Exactly one year later it is sold for 65721 USD. Capital-gains tax equals 29 percent of the strictly positive gain, defined as sale price minus tax basis. The after-tax sale proceeds are the only terminal cash flow. Compute the effective after-tax annual IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gain subject to capital-gains tax.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"taxable_gain_trace"},{"description":"Capital-gains tax paid at sale.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"gain_tax_trace"},{"description":"Terminal sale proceeds after tax.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_proceeds_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_f4vla57tdk6qhqtstp6ni","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=269610.75 USD and the disclosed spread is s=0.9 percent. Compute additional liquidity cost=V*(s/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact spread ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"spread_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_f4wuc2v5gzcpekoxxaqci","dataset_version":"task1-v4","question":"Use exact arithmetic. Total deal value is 150420500 USD and the cash portion is 40.75 percent. Convert the cash percentage to a ratio and multiply it by total deal value to obtain the cash consideration.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Cash percentage as an exact ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_famny7xecrw6quhlrzcoo","dataset_version":"task1-v4","question":"A crypto asset starts at 465888000/1500001 USD per token and loses fraction 0.2499995 of its price in a global shock. The severe policy applies when that loss ratio is at least 0.24999925; otherwise the mild policy applies. After the shock, the severe policy increases the post-shock price by support ratio 0.3 and then deducts 129.2 USD per token. The mild policy increases it by support ratio 0.5 and then deducts 203.8 USD per token. Report the resulting net price using exact arithmetic and two-decimal half-up rounding only at the end.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of the initial price retained after the shock.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"post_shock_retention_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_fb34hxte5cbrvsmxu5yio","dataset_version":"task1-v4","question":"A company reports revenue of 345508 USD and net income of 30288 USD for the same period. Compute net profit margin as a percent of revenue.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net income divided by revenue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fdjpmesvingyuyicgyd5s","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial revenue is R=691065.75 USD, downturn is d=27 percent, and recovery applied to the reduced revenue is q=18 percent. Compute final revenue=R*(1-d/100)*(1+q/100) with no intermediate rounding, then round only the final USD value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact ratio after downturn.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"remaining_ratio_trace"},{"description":"Exact recovery multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"recovery_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_feuiourksy4yml5wmz2ps","dataset_version":"task1-v4","question":"Use exact arithmetic. Current assets are 49097 USD and current liabilities are 24484 USD. The disclosed inputs make current assets no less than current liabilities. Working capital equals current assets minus current liabilities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ffuo3hblsn2jm2y6vkqwk","dataset_version":"task1-v4","question":"Use exact arithmetic. The stock value is V=12107.4 USD; the adverse downside scale is l=1.6 percent; and the participant-visible exact scenario multiplier is z=1.52. All case values lie in V from 5000 through 20000, l from 1/2 through 3, and z from 32/25 through 33/20. Treat z as supplied data; do not compute a normal quantile or infer a confidence level. Compute VaR=V*(l/100)*z in USD using no intermediate rounding. Round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact downside loss ratio used by the VaR calculation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"loss_ratio_trace"},{"description":"Exact adverse loss amount before applying the supplied z multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"base_loss_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fghqqksft6iiky6cfbcsw","dataset_version":"task1-v4","question":"A customer expects monthly transfer volume 808 and 15 transfers per month for 3 months. Plan A charges proportional transfer rate 0.02, fee 2 per transfer, monthly subscription 11, and one-time setup fee 49. Plan B charges 0.03, 3, 16, and one-time setup fee 50.775. Each setup fee is charged exactly once at account opening, not once per month or transfer. Using full precision, compute Plan A savings relative to Plan B, defined as Plan B total cost minus Plan A total cost. Report the signed savings amount in USD, rounded half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report total transfer volume over the horizon.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"horizon_volume_checkpoint"},{"description":"Report total transfer count over the horizon.","position":2,"result_spec":{"rounding":{"decimal_places":0,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"horizon_count_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_fhdcukqydz3gxjtn2uoba","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital composition rule. Common equity in USD millions is 97.06. Additional Tier 1 amount in USD millions is 0. Total Tier 1 capital in USD millions is 99. Add the first two amounts, divide by total Tier 1 capital, convert to percent, and round only the final percent half up to two decimals. Report the eligible amount and exact ratio before the final percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined eligible capital.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"eligible_tier1_usd_million"},{"description":"Report exact composition ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"composition_ratio"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fhgbpk3jmxnyikyzrudyi","dataset_version":"task1-v4","question":"A risk desk permits a VaR budget of 9. The position has daily volatility 0.1, uses confidence multiplier 3, and is held for 9. Under square-root-of-time scaling, compute the maximum portfolio exposure that keeps parametric VaR within the budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report volatility scaled to the holding horizon","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"horizon_volatility_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fim67tslvliojacwolxvq","dataset_version":"task1-v4","question":"Use exact arithmetic. Earnings per share are 2.62 USD, the target payout ratio is 64 percent, last year's dividend per share was 2.14 USD, the adjustment speed is 61 percent, and shares outstanding are 1662315. Target dividend per share equals earnings per share times the payout ratio. New dividend per share equals last dividend per share plus adjustment speed times the difference between target and last dividend per share. Multiply the exact new dividend per share by shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact target dividend per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_1"},{"description":"Exact smoothed dividend per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["Hold","Investigate","Routine monitoring"],"type":"enum"},"case_id":"t1_fkdnq3mnfygaxbdi45vbw","dataset_version":"task1-v4","question":"Apply the fictional scenario-local monitoring policy given here, not current law or regulatory guidance. Current-window activity consists of 13 and 9, while comparable historical-window activity was 9. Define the current-volume growth ratio as (daytime volume + overnight volume - historical-window volume) divided by historical-window volume; its strict trigger threshold is 0. Transfers involving the scenario's elevated-risk corridor total 6. The baseline corridor threshold is 11. At each of exactly three sequential adjustment stages, reduce the surviving threshold by fraction 0.2999995 of its then-current value, with no replenishment between stages; the effective threshold is the baseline multiplied by one minus that fraction three successive times. The scenario also records a rapid-velocity flag of false, an incomplete-originator flag of false, and a mandatory-hold flag of true. The investigation trigger is true when both the growth threshold and effective corridor threshold are strictly exceeded, or when either metadata flag is present. Return Hold when the investigation trigger and mandatory-hold flag are both true; otherwise return Investigate when the investigation trigger is true; otherwise return Routine monitoring. Report the one-stage corridor-threshold retention factor independently using half-up rounding to six decimals, then return the exact policy action.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Hold`, `Investigate`, `Routine monitoring`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the corridor-threshold fraction retained after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"corridor_threshold_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_flcl7w473gtm2ix3tuef2","dataset_version":"task1-v4","question":"A project costs USD 8160 now. It pays USD 1276, USD 1763, and USD 2097 at the ends of years one through three, plus USD 810 at the end of year three. With annual discount rate 7 percent, add salvage to the year-three flow, discount each year's combined flow by (1+r)^t, and subtract the initial investment. Do not round intermediate values.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined end-of-year-three cash flow.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"terminal_cash_flow_trace"},{"description":"Present value of terminal cash flow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_three_trace"},{"description":"Total present value of all inflows.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_pv_trace"}]}}
{"answer_spec":{"allowed_values":["program_a","program_b","no_feasible_program"],"type":"enum"},"case_id":"t1_fli7ehul3z625onfoumu4","dataset_version":"task1-v4","question":"Compare ESG program A, with cost 1170, financial benefit 1088.78, verified emissions reduction 256, and attribution-overlap ratio 0.2, against program B with cost 806, financial benefit 740, verified emissions reduction 127, and attribution-overlap ratio 0.2. For each program, effective reduction equals verified reduction multiplied by one minus the overlap ratio, and net cost per effective ton equals (cost minus financial benefit) divided by effective reduction. A program is feasible only when its cost does not exceed 1229 and its effective reduction reaches 98. Among feasible programs, select the one with lower net cost per effective ton, preferring program_a on a tie. Select the sole feasible program, or return no_feasible_program when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `program_a`, `program_b`, `no_feasible_program`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report program A net cost after financial benefits","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"program_a_net_cost_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Bond A","Bond B","Neither"],"type":"enum"},"case_id":"t1_flv2pprwrlewdxjahus2g","dataset_version":"task1-v4","question":"Compare two bonds over a common holding horizon and valuation date. Bond A has expected redemption cash 102, aggregate coupon cash 20.208, clean price 100, settlement cost 2, and modified duration 5. Bond B has expected redemption cash 99, aggregate coupon cash 26, clean price 109, settlement cost 1, and modified duration 4. Each settlement cost is all acquisition cash beyond the clean quote, including accrued interest and fees where applicable; do not add those amounts again. Both durations use the same acquisition-date convention and basis. For each bond, define total received cash as redemption plus aggregate coupons, total acquisition outlay as clean price plus settlement cost, and holding-period return as (total received cash minus total acquisition outlay) divided by total acquisition outlay. A bond qualifies only if its exact holding-period return is at least the exact ratio 0.2 and its modified duration is at most 4. Return the qualifying bond with the higher exact return, choose Bond A on an exact tie, or return Neither when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Bond A`, `Bond B`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Bond A total acquisition outlay","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"a_outlay_checkpoint"},{"description":"Report Bond B total acquisition outlay","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"b_outlay_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fopt4bcvocdntl3ovfosw","dataset_version":"task1-v4","question":"A transfer is charged a proportional fee ratio of 0.2 and then a fixed network fee of 5 USD, after which a rebate of 30.342 USD is credited. Determine the exact gross transfer amount required for the recipient to obtain exactly 131.64 USD. Reverse the stages in order by removing the rebate, restoring the fixed fee, and dividing by the proportional-fee retention ratio. Carry all arithmetic exactly, then report the required gross transfer in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the receipt required before applying the rebate.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"pre_rebate_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_fsq32hodxvd6vehdz5e7c","dataset_version":"task1-v4","question":"Current net sales are 2264320 USD and current assets are 2856790 USD. Scenario 1 adds 506760 USD of assets and then deducts 192052 USD, with sales unchanged. Scenario 2 leaves assets unchanged and increases sales by 37 percent. Compute Scenario 2 asset turnover minus Scenario 1 asset turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Scenario 1 asset turnover.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Scenario 2 asset turnover.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ft25gkueveql73pv4iiu6","dataset_version":"task1-v4","question":"An investor buys 92 shares at USD 46 each, receives a holding-period dividend of USD 4 per share, and sells all shares at USD 50 each. Compute total dollar return = sale proceeds + dividends - purchase cost. Use exact arithmetic and round only the final dollar result.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total purchase cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"purchase_cost_trace"},{"description":"Total dividends received.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_dividends_trace"},{"description":"Total sale proceeds.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"sale_proceeds_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_ft5tce4c3tclzg47zzpv6","dataset_version":"task1-v4","question":"A buyer wants a target equity value of 81. The company has total debt of 31 and cash of 11, which are the only enterprise-value-to-equity-value adjustments in this scenario, and the buyer values normalized EBITDA at 6. Due diligence expects a recurring EBITDA deduction of 0.01 from the reported figure. Determine the minimum reported EBITDA required to support the target equity price: first bridge equity value to enterprise value using net debt, infer required normalized EBITDA, and then restore the deduction.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute net debt for the equity-to-enterprise bridge","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"net_debt_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_fufo6qvgwzkam4v7fcjr4","dataset_version":"task1-v4","question":"A fictional payment batch has total sales of 974.5 USD across 171 transactions. Pricing is 0 USD per transaction plus 0 percent of total sales. Convert the percentage to a ratio. Multiply count by the fixed per-transaction fee, multiply sales by the variable ratio, add the two fees, divide by total sales, and convert the result to percent. What is the effective fee rate in percent?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Aggregate fixed fees.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"fixed_fee_total_trace"},{"description":"Aggregate variable fees.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"variable_fee_total_trace"},{"description":"Total batch fees.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_fees_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_fuh7hn4532oerwz74phpg","dataset_version":"task1-v4","question":"A company reports total liabilities of 45287 USD and total equity of 22501 USD. Compute debt-to-equity = total liabilities / total equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_fuprg74f5iaispu7eqb2e","dataset_version":"task1-v4","question":"A product's original unit price is 97.89004 USD. Its supplied baseline gross margin ratio is 0.3, calculated from that same undiscounted unit price and the same per-unit accounting basis. In a comparison scenario, the selling price is discounted by 0.2 of the original price and the post-change unit cost is 19 USD. What percentage of the original per-unit gross profit is retained after the price discount and unit-cost change? This is a unit gross-profit retention percentage, not the post-change gross-margin percentage; a result above 100 percent means the post-change unit gross profit exceeds the baseline. Use exact arithmetic without feeding the independently displayed checkpoint downstream, and round the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the discounted selling price per unit before subtracting unit cost.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"discounted_unit_price_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_fvp2pi5qagja3crev75lq","dataset_version":"task1-v4","question":"Net sales are 955510 USD in both periods. Average total assets were 1851988 USD in the prior period and increase by 194630 USD in the current period. Compute the decline in asset turnover: prior-period turnover minus current-period turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Prior-period asset turnover.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Current-period asset turnover.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fvvmjbomcexy5lpcvdxwq","dataset_version":"task1-v4","question":"A fictional crypto transfer has gross value 975 USD and a fixed processing fee of 1 USD. Subtract the fee from gross value. What net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fwoimaa2svyj5epltykf6","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock value is P=443.25 USD, signed external shock is q=7 percent, and signed sensitivity is s=0.5. Compute impact=P*(q/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed shock ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"shock_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_fzopmn2qnonvhgmusdgim","dataset_version":"task1-v4","question":"Use exact arithmetic. Asset value is V=46134.75 USD, signed interest-rate change is c=3 percent, and signed sensitivity is s=1. Compute change=V*(c/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed factor-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_g3jljwfqir2k5feplxzju","dataset_version":"task1-v4","question":"Against one common annual operating baseline, a procurement program alone would deliver 8854 USD millions of savings, an IT program alone would deliver 7907 USD millions, and implementing both would deliver 9764 USD millions. No program delivers zero savings. The standalone estimates overlap, so the combined result is strictly greater than either standalone result but strictly less than their sum. Attribute procurement savings by giving equal weight to its marginal contribution in both possible implementation orders: its procurement-only savings when introduced first, and combined-program savings minus IT-only savings when introduced after IT. What percentage of combined-program savings is attributed to procurement?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute procurement marginal savings when procurement follows IT","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"procurement_marginal_after_it_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_g4shyb5o3mvdefh7gaxsw","dataset_version":"task1-v4","question":"A fictional transfer of 987.5 USD sends 2 percent to Network 1 and the remainder to Network 2. Network 1 deducts 2 percent. Network 2 first deducts 0 USD, then applies a 1 percent bonus to its remainder. Convert percentages to ratios. Split the transfer; compute Network 1 net as its part times one minus its fee ratio; compute Network 2 net as its part minus the fixed fee, then times one plus its bonus ratio; sum both nets. What total net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net received from Network 1.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"network_one_net_trace"},{"description":"Network 2 amount after fixed fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"network_two_after_fixed_trace"},{"description":"Net received from Network 2.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"network_two_net_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_g5zr3w4n3ttzb7el32z2c","dataset_version":"task1-v4","question":"A fictional decentralized exchange charges one percentage fee and no other fee. The swap value is 1026 USD and the fee rate is 1 percent. Convert the percentage to a ratio and multiply it by the swap value. What fee is charged in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted swap fee ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"fee_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_g6edq5hi3nkscv3pyqh2w","dataset_version":"task1-v4","question":"A fictional batch contains three transfers of 1017, 984, and 990 USD. Their respective fee rates are 97.5, 97.5, and 100.5 percent. Convert each fee to a ratio. For each transfer multiply its amount by one minus its fee ratio, then sum the three net amounts. What is the batch net amount in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net amount from transfer one.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_one_trace"},{"description":"Net amount from transfer two.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_two_trace"},{"description":"Net amount from transfer three.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_three_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ga6btnarnsfzp5wa7zmp6","dataset_version":"task1-v4","question":"USD 8822 is compounded semiannually. For the first 6 years the nominal annual rate is 7 percent; for the next 3 years it is 0 percent. For each phase use (1 + (r/100)/2)^(2 years), multiply the phase factors, and subtract the original principal. Use exact arithmetic with no intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"First phase growth multiplier.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"first_growth_trace"},{"description":"Second phase growth multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"second_growth_trace"},{"description":"Ending balance before final subtraction.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_gceqzlpeemm3pmq55enmk","dataset_version":"task1-v4","question":"A company has equity value 101, debt value 41, cost of equity percentage 11, and corporate tax rate ratio 0.25. The WACC ceiling 10.1875 is also a percentage. Determine the maximum pre-tax cost of debt that keeps its WACC at that ceiling. Report the cost of debt as a percentage rounded half-up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the debt-to-equity ratio used by the inverse WACC calculation","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"debt_to_equity_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_gdphndrbun7v6qwxkix4w","dataset_version":"task1-v4","question":"A financial institution can spend at most 5 on all remediation. Capital remediation already requires 2, liquidity remediation requires 3, and any exposure above 1.03 incurs a charge at ratio 0.5 of the excess. Assuming the remediation budget exceeds the two fixed remediation costs, compute the maximum total exposure that keeps aggregate remediation spending within budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the budget available for the exposure charge","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"charge_budget_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_geegl3mqafnwwmawsrr7m","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance policy. Violation count is 20. Fine per violation in USD is 7.2. Multiply the two values exactly and round only the final fine half up to two decimals. Report the exact unrounded fine before the final amount.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_geg674mn7vypqsc44d5fm","dataset_version":"task1-v4","question":"A fictional purchase costs 977 USD. A buy-now-pay-later service adds 101 percent, then divides the total evenly across 29 installments. Convert the fee to a ratio, multiply purchase price by one plus that ratio, and divide by installment count. What is each installment in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted service fee ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"fee_ratio_trace"},{"description":"Exact total amount due.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_due_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_gfrvwivku7mlkluld7iyw","dataset_version":"task1-v4","question":"An investor allocates weight w of capital 10286 to Strategy A and the complementary weight to Strategy B. The downturn probability is 0.2, with the complementary probability assigned to the upside scenario. Strategy B earns upside return 0.1 and loses 0.2 in the downturn. Strategy A earns the B upside return plus positive incremental return 0.2, but loses the B downturn loss plus positive incremental loss 0.3; both resulting Strategy A rates remain below one. The portfolio must end with at least 11696 in the upside scenario and at least 6266.15 in the downturn. These two requirements create a nonempty feasible interval strictly inside zero and one for w: the upside requirement supplies the lower endpoint and the downturn requirement supplies the upper endpoint. Portfolio ending values are linear weighted combinations of the two strategies, with no interaction, leverage, fees, or rebalancing. If the exact probability-weighted ending value from allocating all capital to A is greater than that from allocating all capital to B, choose the upper endpoint; otherwise, including an exact tie, choose the lower endpoint. Determine feasibility and select the endpoint using exact unrounded values. Report the selected exact Strategy A weight as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation, not the operative exact endpoint.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Strategy A's probability-weighted upside ending value","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"strategy_a_weighted_upside_checkpoint"},{"description":"Report Strategy B's ending value in the downturn","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"strategy_b_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ggujuf22xwhtkzrfmieck","dataset_version":"task1-v4","question":"Apply the fictional scenario-local remediation policy stated here, not current law or regulatory guidance. Begin with base assessment 11 USD. A reporting delay of 7 days incurs 7 USD per day. Treat 0.1876547 as the fractional credit applied to the combined assessment and delay charge, so the retained fraction is one minus that rate. Then add mandatory monitoring cost 4.24 USD outside the credit base. Report the retained-fraction checkpoint independently to six decimal places and the total remediation budget in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the fraction of the combined assessment retained after self-reporting credit.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"post_credit_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ghrwisrlyxbstfvvckwg2","dataset_version":"task1-v4","question":"An account starts with USD 2997, earns a nominal annual rate of 4 percent, and compounds annually for 11 years. Using exact arithmetic, compute A = P(1 + r/100)^n and then compound interest A - P. Do not round intermediate values.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Ending account balance before final subtraction.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"},{"description":"Exact compound growth multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"growth_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_gi63lbknu5tblquwe2urk","dataset_version":"task1-v4","question":"Use exact arithmetic. EBITDA is 87 USD million, the selected EBITDA multiple is 10 times, and net debt is 22 USD million. Enterprise value equals EBITDA times the multiple. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Enterprise value implied by the EBITDA multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_gihfi6hiuee7b7aauxnuc","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local prudential policy. Tier 1 capital is 32 USD million. Exposure is 993 USD million. Total capital is 103.8 USD million. Risk-weighted assets are 984 USD million. Liquidity assets are 101 USD million. Net outflows are 98 USD million. Leverage must be at least 3 percent, total capital at least 10.5 percent of RWA, and liquidity at least 100 percent of outflows. All three must hold. Report each Boolean condition before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report leverage condition.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"leverage_met"},{"description":"Report capital condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"capital_met"},{"description":"Report liquidity condition.","position":3,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"liquidity_met"}]}}
{"answer_spec":{"allowed_values":["earlier_date","later_date","neither_date"],"type":"enum"},"case_id":"t1_gl3ko5vfgafn5z523c6jy","dataset_version":"task1-v4","question":"A saver has 90783 and can add a one-time contribution of 30624 today. The combined amount earns 0.0005 annually in the stated scenario. An earlier retirement in 6 years requires capital of 120451, while a later retirement in 1 years requires 120642. Either date is feasible only if projected capital exceeds its date-specific requirement by at least 2042. Prefer the earlier date whenever it is feasible; otherwise choose the later date if feasible. Which retirement date should be selected?\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `earlier_date`, `later_date`, `neither_date`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the compound growth factor to the earlier date","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"earlier_growth_factor_checkpoint"},{"description":"Report the compound growth factor to the later date","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"later_growth_factor_checkpoint"}]}}
{"answer_spec":{"allowed_values":["abate_then_buy","credits_only","no_feasible_strategy"],"type":"enum"},"case_id":"t1_glgldujldvsvqitwk4fb2","dataset_version":"task1-v4","question":"Treat one carbon credit as covering one ton of CO2e. A company has a compliance obligation of 118 tons of CO2e, internal abatement capacity 98 tons of CO2e, and operational availability true. Internal abatement has fixed cost 821 USD and variable cost 8.85243 USD per ton of CO2e. Carbon credits cost 16 USD per ton of CO2e, with at most 148 ton-equivalent credits available for purchase. The abate-then-buy alternative is fixed: whenever internal abatement is available, it uses exactly the smaller of the compliance obligation and abatement capacity before buying credits for the residual; it does not optimize the abatement quantity. Compare only this specified strategy with a credits-only strategy. Choose the lower-cost feasible strategy, prefer abate-then-buy on a cost tie, choose the sole feasible strategy when only one is feasible, and return no_feasible_strategy when neither is feasible.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `abate_then_buy`, `credits_only`, `no_feasible_strategy`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report variable internal abatement cost","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"variable_abatement_total_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_gmpopcfaanawfvpna7sqq","dataset_version":"task1-v4","question":"Under the fictional scenario assumptions stated here, an investor has 101 direct long shares, 61 shares attributed through related holdings, and derivative notional equivalent to 74 shares with exposure delta 0.4. The investor also has 144.8 shares of offsetting short exposure. The issuer has 2053 shares outstanding. Multiply derivative reference shares by delta, add all long exposure, subtract the short hedge, divide the signed result by shares outstanding, and convert the ratio to a percentage. Report the derivative-equivalent shares independently using half-up rounding to two decimal places, and report the net economic exposure percentage using independent half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report delta-adjusted derivative-equivalent shares.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"slot_id":"derivative_equivalent_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_gmyhnjtlrdcrgawtytmti","dataset_version":"task1-v4","question":"A one-year bond has face value USD 2334, an annual coupon rate of 5 percent of face value, and an effective annual yield of 7 percent. The coupon and face value are both paid at year end. Compute price = (face value + coupon)/(1 + yield/100) exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Face value plus year-end coupon.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"maturity_cash_flow_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_gojhyezca2dizrkqmrbtq","dataset_version":"task1-v4","question":"A fictional plan deposits 1022 USD at each month end for 12 months. Its monthly return is 98.5 percent, and a one-time ending advisory fee of 101 percent is applied to accumulated value. Convert rates to ratios. Before-fee value equals contribution times ((1+monthly return) raised to months minus 1) divided by monthly return. Multiply by one minus ending-fee ratio. What is the projected value after fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound growth power.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_power_trace"},{"description":"Exact ordinary-annuity factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"annuity_factor_trace"},{"description":"Accumulated value before fee.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"before_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_gpdjkdxfumizi2x7uxtlq","dataset_version":"task1-v4","question":"A project costs 2937 USD now, produces an interim cash flow of 3104 USD after 7 whole years, and pays cleanup cost 1167.46625 USD together with salvage after 10 whole years. The same gross salvage and cleanup apply in both scenarios. The stress scenario has probability 0.5 and effective annual discount rate 0.25; the normal scenario has probability one minus that probability and effective annual discount rate 0.1. Compound each rate over the applicable whole-year horizon. Conditional scenario NPVs do not include scenario probabilities. Expected NPV is the probability-weighted decision-analysis expectation of those conditional NPVs, not a market value. What minimum gross terminal salvage makes expected NPV at least 75572969/58564 USD and stressed-scenario NPV at least 305 USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the conditional interim present value under normal discounting.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"normal_interim_present_value_checkpoint"},{"description":"Report the conditional interim present value under stress discounting.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"stressed_interim_present_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_gqdpxfjf7pl7jdbhv7pnk","dataset_version":"task1-v4","question":"Two post-merger initiatives are evaluated over the same first-year horizon without assuming independence. The cost-synergy initiative has marginal success probability 0.8 and contributes 16 USD millions whenever it succeeds. The revenue-synergy initiative has marginal success probability 0.5 and contributes 13 USD millions whenever it succeeds. In this scenario, the cost-synergy probability is strictly higher than the revenue-synergy probability and their sum exceeds one. If both initiatives succeed, incremental benefit 11 USD millions is earned beyond the standalone benefits. Unconditional integration cost is 3 USD millions, and required expected net benefit is 22 USD millions. Do not assume a dependence structure. Solve for the joint success probability needed to meet the target. The Fréchet lower bound is the revenue-synergy probability minus the cost-synergy failure probability, the upper bound is the revenue-synergy probability, and the band width is the cost-synergy failure probability. Report the percentage of this feasible band consumed above its lower bound by the required joint success probability. Zero percent is the lower bound, one hundred percent is the upper bound, and a result above one hundred percent is infeasible under the stated marginals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the gross expected benefit required before the integration cost is deducted","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"gross_requirement_checkpoint"},{"description":"Compute the lower feasible joint success probability from the ordered marginals","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"frechet_lower_bound_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Current sale","Hold then sell","Neither"],"type":"enum"},"case_id":"t1_gs4t3x3vvrgyhymyw3fpi","dataset_version":"task1-v4","question":"An investor owns 54 shares bought at 39 per share and 57 shares bought at 59 per share. Compare selling the complete position now at 65 per share with total sale cost 98, against holding one period and selling in exhaustive subjective base and downside states. The base terminal sale price is 74.48005, the downside terminal sale price is 68, gross terminal dividend is 1 per share in either state, and total future sale cost is 99 in either state. Under this scenario-local convention, sale cost reduces amount realized, positive gain equals amount realized minus the complete two-lot basis, and gain tax ratio 0.2 applies to each generated positive gain. Terminal dividend tax ratio is 0.25. Discount both future after-tax cash states one period using time-value-only rate 0.4. Assign subjective downside probability 0.6 and base probability one minus that value. Current sale qualifies when its exact after-tax cash is at least 6136. Holding qualifies when exact downside-state present value is at least 5348. Rank a qualifying hold strategy by its exact probability-weighted present value against current after-tax cash. If both qualify, choose the higher value and choose Current sale on an exact tie. If only one qualifies, choose it; otherwise return Neither. Prices and dividend are per share; sale costs, basis, proceeds, cash floors, and present values are total-position USD; rates and probabilities are ratios. This is a planning convention, not current tax, legal, or market advice; it gives no loss credit and ignores other taxes, fees, and cash flows.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Current sale`, `Hold then sell`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-sale taxable gain rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"current_gain_checkpoint"},{"description":"Report the base-state future taxable gain rounded half up to cents","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"base_gain_checkpoint"},{"description":"Report the downside-state future taxable gain rounded half up to cents","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"downside_gain_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_gslshskkcqbejas72hs7w","dataset_version":"task1-v4","question":"A company reports total liabilities of 43602 USD and total equity of 21254 USD. Compute debt-to-equity = total liabilities / total equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_gtgj27alrhcz6iarikvke","dataset_version":"task1-v4","question":"For one reporting period, a company has positive earnings before tax of 5137 USD after deducting all modeled interest expense. Tranche A debt is 29673.0003 USD at rate 0.1, and tranche B debt is 23008.4998 USD at rate 0.2. All amounts and rates use the same period. Under a simplified fixed-interest model with no other non-operating items, preferred dividends, or tax adjustments, reconstruct EBIT by adding both interest expenses back to earnings before tax. Then compute degree of financial leverage as EBIT divided by earnings before tax. Use exact arithmetic, independently round the two checkpoints and final to four decimals with half-up rounding, and never feed displayed checkpoints into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact-period interest expense from tranche A.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"tranche_a_interest_checkpoint"},{"description":"Report the exact-period interest expense from tranche B.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"tranche_b_interest_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_gtycyglcsssz4m3i2j2uk","dataset_version":"task1-v4","question":"An analyst evaluates one inventory sale under two mutually exclusive net-recovery states. Quick assets before the sale, excluding inventory, are 97 USD, and inventory carrying amount 56 USD is sold. In every state, fraction 0.35 of net proceeds remains as cash in quick assets and the complementary fraction immediately repays current liabilities at par. The low recovery rate is 0.45 and the high rate is that low rate plus positive spread 0.25; generated cases keep their sum below one. The high state occurs with probability 0.65. Rather than giving pre-sale liabilities directly, the scenario gives 74 USD, the liabilities remaining after high-state repayment; the same implied pre-sale liabilities apply in both states. Compute each state's post-sale quick ratio. Then subtract the quick ratio formed from probability-weighted post-sale quick assets and liabilities from the probability-weighted average of the two state quick ratios. This positive expectation-order gap is a scenario-defined quick-ratio convexity premium, not expected cash or a realized covenant ratio. Report its percentage-point equivalent, using exact arithmetic, independently rounded checkpoints, and two-decimal half-up rounding only for the final.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report retained cash in the low-recovery state.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"low_state_retained_cash_checkpoint"},{"description":"Report the high-state increment in retained cash.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"incremental_retained_cash_checkpoint"},{"description":"Report the high-state increment in liability repayment.","position":3,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"incremental_repayment_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_guaou65nfqomr3ao2tdrs","dataset_version":"task1-v4","question":"A borrower compares the current loan with a refinance over the same next two equal-length periods. Both paths start from outstanding principal of 993. The current loan uses an effective rate of 0.05 and a payment of 99 at each period end. The refinance capitalizes a fee of 2 into its opening balance, then uses an effective rate of 0.03 and a payment of 92.83 at each period end. Interest accrues before each payment. What is the signed second-period ending-balance difference, current loan minus refinance?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-loan balance after its first payment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"current_first_payment_balance_checkpoint"},{"description":"Report the refinance balance after its first payment","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"refinance_first_payment_balance_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Scenario A","Scenario B","Neither scenario"],"type":"enum"},"case_id":"t1_gwm53hazneme5ha5lociq","dataset_version":"task1-v4","question":"An asset has original cost 315 and accumulated depreciation of 81 in USD millions. Scenario A revises residual value to 108 and applies per-subperiod depreciation ratio 0.28; Scenario B uses 152 and 0.2. Under this fictional scenario rule, the next reporting interval contains exactly three equal sequential subperiods. In each subperiod, the scenario-specific ratio applies again to the balance above residual value, while residual value itself is not depreciated. A scenario qualifies only if its exact cumulative three-stage depreciation is at most 64 and its remaining depreciable balance above residual is at least 46. Return the qualifying scenario with lower exact cumulative depreciation, choose Scenario A on an exact tie, or return Neither scenario when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Scenario A`, `Scenario B`, `Neither scenario`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Scenario A's one-subperiod balance-retention factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"a_one_stage_retention_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_gwxksxfdtumh2opoffdvq","dataset_version":"task1-v4","question":"A company has a P/E multiple of 15, total earnings of USD 2824688, and 243825 shares outstanding. Compute exact EPS = total earnings / shares outstanding, then implied share price = P/E x EPS. Do not round EPS.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact earnings per share before final multiplication.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"earnings_per_share_trace"}]}}
{"answer_spec":{"allowed_values":["abate_then_buy","credits_only","no_feasible_strategy"],"type":"enum"},"case_id":"t1_gyiamqexu7k3ervios6im","dataset_version":"task1-v4","question":"Treat one carbon credit as covering one ton of CO2e. A company has a compliance obligation of 151 tons of CO2e, internal abatement capacity 98 tons of CO2e, and operational availability true. Internal abatement has fixed cost 787 USD and variable cost 9.88105 USD per ton of CO2e. Carbon credits cost 19 USD per ton of CO2e, with at most 162 ton-equivalent credits available for purchase. The abate-then-buy alternative is fixed: whenever internal abatement is available, it uses exactly the smaller of the compliance obligation and abatement capacity before buying credits for the residual; it does not optimize the abatement quantity. Compare only this specified strategy with a credits-only strategy. Choose the lower-cost feasible strategy, prefer abate-then-buy on a cost tie, choose the sole feasible strategy when only one is feasible, and return no_feasible_strategy when neither is feasible.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `abate_then_buy`, `credits_only`, `no_feasible_strategy`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report variable internal abatement cost","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"variable_abatement_total_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_gyjfqom4mrr3rrrjtm7zm","dataset_version":"task1-v4","question":"An investor buys 113 fund shares at USD 33 each, later sells them at USD 42 each, receives USD 3 per share per year for 3 years, and pays an annual fee of 0 percent of the initial investment. Fees are simple: initial investment x annual fee rate x years, with no compounding. Compute net profit = sale proceeds - initial investment + total dividends - total fees, then ROI = net profit / initial investment x 100 percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total dividends received.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_dividends_trace"},{"description":"Total simple annual fees.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_fees_trace"},{"description":"Net holding-period profit.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_profit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_gzyn7onkc7nb74suwzxdk","dataset_version":"task1-v4","question":"A company has market-value common equity E of 41 USD million and market-value interest-bearing debt D of 39 USD million. Its annual nominal cost of equity ke is 8 percent, its annual nominal pretax cost of debt kd is 5 percent, and its corporate tax rate T is 31 percent. Let V=E+D, wE=E/V, wD=D/V, and WACC=wE*ke+wD*kd*(1-T/100). Apply the tax shield only to debt. Use exact arithmetic from the disclosed inputs and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact total market-value capital.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"total_capital"},{"description":"Exact common-equity capital weight.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"equity_weight"},{"description":"Exact annual after-tax debt cost percentage.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"after_tax_debt_cost_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_h2gt4dguqzzyadifuvrps","dataset_version":"task1-v4","question":"Use exact arithmetic. EBITDA is 117 USD million, the comparable EBITDA multiple is 10.5 times, total debt is 85 USD million, and cash is 34 USD million. Enterprise value equals EBITDA times the multiple. Net debt equals total debt minus cash and may be negative. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Enterprise value implied by the EBITDA multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Total debt less cash, which may be negative.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_h2ij24k5ffvghpq4md6p4","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual cost bases are 229 and 228 USD million, overlap removal saves 12 percent of their combined cost, and first-year integration cost is 43 USD million. Gross synergy equals combined cost times the synergy-rate ratio. Net first-year savings equal gross synergy minus integration cost. A negative result is a first-year net cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual operating cost base.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Gross annual synergy savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_h2kmodk3l64komazldxma","dataset_version":"task1-v4","question":"A fictional market-cap policy uses only the supplied local values. Initial market cap is 2433 USD, the signed sentiment change is -19 percent, and the disclosed policy floor is 1844 USD. Convert the change to a ratio and compute raw cap as initial cap times one plus that ratio. The published cap is the larger of raw cap and the floor. What market cap is published in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed sentiment ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"sentiment_ratio_trace"},{"description":"Market cap before the floor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_market_cap_trace"}]}}
{"answer_spec":{"allowed_values":["expansion","defensive","wait"],"type":"enum"},"case_id":"t1_h3aqye4wusy6jo2k6kr2g","dataset_version":"task1-v4","question":"A company starts with revenue 198, faces downturn ratio 0.5, and forecasts recovery ratio 0 if it makes one-period cash outlay 19. Baseline operating cost 61 rises by cost-inflation ratio 0. The company has available cash 19 and requires one-period scenario surplus of at least 41. Expansion surplus applies both downturn and recovery, then subtracts inflated operating cost and the cash outlay. Defensive surplus applies only the downturn and subtracts inflated operating cost. Return expansion if its surplus threshold and cash requirement both pass. Otherwise return defensive if its surplus threshold passes, and wait if neither passes.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `expansion`, `defensive`, `wait`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report revenue after the downturn","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_h3kjqfj7ytbrhhbbfmkee","dataset_version":"task1-v4","question":"Current assets are 184968 USD, including inventory 41128 USD and prepaid expenses 15177 USD. Current liabilities are 96801 USD. Compute the quick ratio after excluding both inventory and prepaid expenses; also derive the current ratio as a trace.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current ratio before exclusions.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Quick assets after excluding inventory and prepayments.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_h3roicj6atjcsflqswgjo","dataset_version":"task1-v4","question":"All USD amounts are per underlying share. A cash-settled call expires in the money at terminal stock price 153.5 with strike price 51. Its intrinsic payoff is terminal price minus strike. Deduct the additional settlement fee 19, which is separate from the strike already embedded in that payoff. Simple nonannualized expiration ROI equals (intrinsic payoff minus settlement fee minus premium) divided by premium. For target ratio 0.25, where 0.20 means 20%, compute the exact premium threshold at which ROI equals the target. Ignore financing and discounting. Carry the threshold exactly, then report it using half-up rounding to cents. The displayed amount is a rounded report of the exact threshold, not necessarily the greatest executable whole-cent premium.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the per-share intrinsic payoff rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"intrinsic_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"case_id":"t1_h6fmafczayylwtkdyswyu","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance score. Region A risk score is 10. Region B risk score is 8. Region A supplied weight is 0.6. Region B supplied weight is 0.4. Multiply each score by its supplied weight and add the components without normalization. Round only the final score half up to two decimals. Report both exact components.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `risk_point` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Region A component.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"region_a_component"},{"description":"Report Region B component.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"region_b_component"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"case_id":"t1_h76axjwq23vo36ziazqrq","dataset_version":"task1-v4","question":"For one reporting period, a company reports gross profit of 39016 USD and total operating expenses of 29550 USD. The operating-expense amount includes every charge to be deducted between gross profit and operating profit, with no separate depreciation, amortization, or other operating charge remaining. Compute operating profit as gross profit minus operating expenses.\n\nAnswer format: return only the exact numeric value interpreted in `usd`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hagzqvfubyml6vcdouo2m","dataset_version":"task1-v4","question":"A fictional token has 1117314 units and an initial price of 1023 USD per token. Staking locks 2 percent of supply, while the local scenario increases price by 1 percent. Convert both percentages to ratios. Effective supply equals supply times one minus the lock ratio; adjusted price equals initial price times one plus the increase ratio; new market cap equals effective supply times adjusted price. What is the new market cap in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Effective supply after lockup.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"effective_supply_trace"},{"description":"Adjusted token price.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"adjusted_price_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_month"},"case_id":"t1_hb7d25n5xngvivn2sjaiq","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Monthly income in USD is 2520. Allocation ratio is 0.2. Multiply income by the ratio exactly and round only the final monthly allocation half up to two decimals. Report the exact unrounded allocation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_month` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hdfif6mb5qv6hulqkhetc","dataset_version":"task1-v4","question":"Use exact arithmetic. Loan amount is L=973000.25 USD, the rate increase is r=1.8 percent, and the disclosed financing sensitivity is s=1. Compute additional cost=L*(r/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact rate-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"rate_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_hdqx6ec7w2gubwh7hacbi","dataset_version":"task1-v4","question":"Two post-merger initiatives are evaluated over the same first-year horizon. The cost-synergy initiative succeeds with marginal probability 0.4 and contributes 14 USD millions whenever it succeeds. The revenue-synergy initiative succeeds with marginal probability 0.6 and contributes 19 USD millions whenever it succeeds. Assume the two initiative outcomes are independent. If both succeed, they also create incremental joint benefit 11 USD millions beyond the two standalone benefits. Compute the percentage of total expected gross integration benefit attributable specifically to that incremental joint benefit. Carry exact probabilities and amounts through the calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the expected standalone benefit from the cost-synergy initiative","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"expected_cost_benefit_checkpoint"},{"description":"Compute the expected standalone benefit from the revenue-synergy initiative","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"expected_revenue_benefit_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_hdzj5vsof3l6jxcqemtz6","dataset_version":"task1-v4","question":"A company has market-value common equity E of 117 USD million, preferred stock P of 27 USD million, and interest-bearing debt D of 23 USD million. Its common-equity beta is 1, the annual nominal risk-free rate rf is 3.5 percent, the expected annual nominal market return rm is 10 percent, the annual preferred-stock cost kp is 7.5 percent, the annual nominal pretax debt cost kd is 4.5 percent, and the corporate tax rate T is 29.5 percent. The market return is greater than the risk-free rate. Let ke=rf+beta*(rm-rf), V=E+P+D, wE=E/V, wP=P/V, wD=D/V, and WACC=wE*ke+wP*kp+wD*kd*(1-T/100). Preferred distributions receive no tax shield; only debt receives the interest tax shield. Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact CAPM common-equity cost percentage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"capm_equity_cost_percent"},{"description":"Exact preferred-stock capital weight.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"preferred_weight"},{"description":"Exact annual after-tax debt cost percentage.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"after_tax_debt_cost_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hecax2jrazttjmg6esc34","dataset_version":"task1-v4","question":"A bond has quoted clean price 78 and will pay redemption cash 88.1 over the planned holding period. The investor also pays settlement cost 0, defined as all acquisition cash beyond the clean quote, including accrued interest and fees where applicable; do not add those amounts again. Define total acquisition outlay as clean price plus settlement cost and holding-period return as (aggregate coupon cash plus redemption cash minus total acquisition outlay) divided by total acquisition outlay. Determine the minimum aggregate coupon cash that exactly meets target return ratio 0.5, and report it in USD rounded half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report clean price plus all additional acquisition cash independently","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"acquisition_outlay_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hedysax42wzc5fi5uwa6a","dataset_version":"task1-v4","question":"A merchant's batch has gross sales before chargebacks of 1537 across 293 transactions. The processor charges rate 0.04 on those gross sales plus 0.2 per transaction. Chargebacks included in the gross-sales amount total 98, of which fraction 0.5 is recovered. The processor also withholds reserve 39. Compute all deductions using exact values and report the merchant's net settlement after variable fees, fixed fees, unrecovered chargebacks, and reserve. What is the net settlement?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the proportional processing fee.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"variable_fee_checkpoint"},{"description":"Report aggregate fixed processing fees.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"fixed_fee_checkpoint"},{"description":"Report unrecovered chargeback loss.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"chargeback_loss_checkpoint"}]}}
{"answer_spec":{"allowed_values":["program_a","program_b","no_feasible_program"],"type":"enum"},"case_id":"t1_heh55damadekon7hpr4ue","dataset_version":"task1-v4","question":"Compare ESG program A, with cost 1110, financial benefit 888, verified emissions reduction 195, and attribution-overlap ratio 0.25, against program B with cost 823, financial benefit 691, verified emissions reduction 98, and attribution-overlap ratio 0.2. For each program, effective reduction equals verified reduction multiplied by one minus the overlap ratio, and net cost per effective ton equals (cost minus financial benefit) divided by effective reduction. A program is feasible only when its cost does not exceed 982 and its effective reduction reaches 99. Among feasible programs, select the one with lower net cost per effective ton, preferring program_a on a tie. Select the sole feasible program, or return no_feasible_program when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `program_a`, `program_b`, `no_feasible_program`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report program A net cost after financial benefits","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"program_a_net_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_hfmiwc6q5l5h6fahchvgy","dataset_version":"task1-v4","question":"Current assets are 144754 USD and current liabilities before reclassification are 64018 USD. Of a 46411 USD long-term loan, 14666 USD becomes current; the reclassified amount is included only in adjusted current liabilities. Compute the decrease in the current ratio: initial ratio minus adjusted ratio.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current ratio before reclassification.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Current liabilities after adding the reclassified amount.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Current ratio after reclassification.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_hftmtfxymthedd32635sq","dataset_version":"task1-v4","question":"A company has a P/E multiple of 12, total earnings of USD 2823975, and 243792 shares outstanding. Compute exact EPS = total earnings / shares outstanding, then implied share price = P/E x EPS. Do not round EPS.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact earnings per share before final multiplication.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"earnings_per_share_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hftofqawrewhqqawdujb2","dataset_version":"task1-v4","question":"Use exact arithmetic. Year-1 free cash flow is 860455 USD, annual forecast growth is 3.5 percent for Years 2 through 5, discount rate is 13 percent, and perpetual terminal growth is 3.5 percent. Disclosed inputs always satisfy discount rate greater than terminal growth. For each year t from 1 through 5, FCF_t equals Year-1 FCF times one plus forecast growth to power t minus 1, and present value equals FCF_t divided by one plus discount rate to power t. Terminal value at the end of Year 5 equals FCF_5 times one plus terminal growth divided by discount rate minus terminal growth. Enterprise value equals the sum of the five present values plus terminal value discounted for five years.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact free cash flow for Year 5.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Gordon-growth terminal value at end of Year 5.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_hgp4fnpxzwot2yvpztrus","dataset_version":"task1-v4","question":"A stock pays an annual dividend of USD 3 per share and trades at USD 117 per share. Compute dividend yield = annual dividend / current price x 100 percent. Keep the ratio exact until final rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact dividend-yield ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"yield_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hgvd2wo7fg7bnesvn3iew","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial investment is V=4574700.75 USD. Signed market, interest, and inflation changes are cm=2, ci=3, cf=3 percent, with corresponding signed sensitivities sm=-3, si=1, sf=1. Compute delta=V*(sm*cm/100+si*ci/100+sf*cf/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact market effect ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"market_effect_trace"},{"description":"Exact interest effect ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"interest_effect_trace"},{"description":"Exact inflation effect ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"inflation_effect_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_hhzku6ff6f2v4f4gytdnc","dataset_version":"task1-v4","question":"Under this scenario-defined mean-variance score, Asset A has portfolio weight 0.5 and Asset B receives the complementary weight. Their return volatilities are 0.18 and 0.22. A risk engine supplies base weighted covariance cross-term contribution 0.00388 and stress contribution 0.012; each already equals twice the product of both portfolio weights and the regime covariance. Use the stress contribution when 0.5 is at least 0.5, and otherwise use the base contribution. Portfolio variance is the sum of the two squared weight-scaled volatilities and the selected contribution. The score equals portfolio excess return minus 1 times variance. What total portfolio return makes this score equal 0.016 when the risk-free rate is 0.008? Report a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the first asset's weighted volatility.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_volatility_a_checkpoint"},{"description":"Report the second asset's weighted volatility.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_volatility_b_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_hidplw43prxl4dwsanl2w","dataset_version":"task1-v4","question":"A two-asset portfolio has perfect positive correlation, rho = +1. Asset A has weight 96 percent and standard deviation 19 percent; asset B has weight 6 percent and standard deviation 9 percent. The supplied weights sum exactly to 100 percent. Compute sigma_p = sqrt((w_A sigma_A + w_B sigma_B)^2) using exact arithmetic and the nonnegative square root.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Asset A contribution to portfolio risk.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_sd_a_trace"},{"description":"Asset B contribution to portfolio risk.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_sd_b_trace"},{"description":"Exact rational square used as the variance.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"variance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hjhvgdvnhzo44qecjtx56","dataset_version":"task1-v4","question":"An energy-efficiency initiative saves 1865 USD per month, a whole-dollar amount from 500 through 2000 inclusive. The measurement period is 23 months, an integer from 6 through 24 inclusive. Assume the monthly saving is constant and that no other cash flows apply. Compute total cost savings as monthly savings multiplied by the number of months, using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hjmy5dtpzqhhvzehfib64","dataset_version":"task1-v4","question":"For one measurement year, Phase 1 starts with operating cost 297179 USD, a whole-dollar amount from 100000 through 300000 inclusive, and reduces it by 12 percent, an integer from 5 through 15 inclusive. Phase 2 saves 25 USD per unit, a whole-dollar amount from 5 through 20 inclusive, across 18384 units, an integer from 5000 through 20000 inclusive. Phase 3 provides a subsidy equal to 2 percent, an integer from 3 through 10 inclusive, of project cost 898932 USD, a whole-dollar amount from 200000 through 1000000 inclusive. Treat all three benefits as recognized in the same year. Project cost is only the subsidy base and is not subtracted. Compute overall financial impact as the sum of Phase 1 savings, Phase 2 savings, and Phase 3 subsidy. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact Phase 1 saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"phase1_savings_trace"},{"description":"Exact Phase 2 saving.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"phase2_savings_trace"},{"description":"Exact Phase 3 subsidy.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"phase3_subsidy_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hmrjgclfwacjuf6vniglo","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=843710.75 USD. Factor weights are w1=49, w2=26, w3=24 percent and sum exactly to 100. Signed factor changes are c1=0, c2=3, c3=3 percent; signed sensitivities are s1=0, s2=0, s3=0. For each i define impact_i=V*(wi/100)*(ci/100)*si, then sum all three impacts. Compute the signed USD total without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact first-factor impact.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"impact_one_trace"},{"description":"Exact second-factor impact.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"impact_two_trace"},{"description":"Exact third-factor impact.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"impact_three_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hn3vh3vhzovniteygbqsc","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=242975.25 USD. Signed interest, market, and credit changes are ci=2, cm=-3, cc=1 percent; signed sensitivities are si=3, sm=-2, sc=0. Compute total change=V*(si*ci/100+sm*cm/100+sc*cc/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact interest effect ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"interest_effect_trace"},{"description":"Exact market effect ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"market_effect_trace"},{"description":"Exact credit effect ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"credit_effect_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_houd6xkbzgca66sxzj3sc","dataset_version":"task1-v4","question":"Use exact arithmetic. Liquid assets are A=127959.5 USD and the supplied liquidity requirement is Q=133692.5 USD. Define gap=max(Q-A,0). Compute the gap in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed liquidity difference before the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_gap_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_hp4acfazicznrqxlfpjrw","dataset_version":"task1-v4","question":"Apply the following fictional scenario-local KYC control-credit policy, not current law or regulatory guidance. A customer has source-of-funds risk score 8.4, jurisdiction risk score 3.2, existing verified-control credit 2.5, and standard residual-risk ceiling 4.75. All four values use the same additive risk-point scale. Existing and additional verified-control credit each reduce residual risk one-for-one, and additional credit cannot be negative. What is the minimum additional verified-control credit required so that the source-of-funds score plus the jurisdiction score, less existing and additional credit, is no greater than the residual-risk ceiling? Report the required credit in dimensionless risk-score points.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined source-of-funds and jurisdiction risk score.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"combined_risk_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hr3fsphtnhid3sprgpw56","dataset_version":"task1-v4","question":"A portfolio worth 99 faces market shock ratio 0.2 with loss sensitivity 0.05, plus liquidity shock ratio 0.01 applied directly to portfolio value. The institution expects to recover ratio 1 of the combined gross loss. Compute the net reserve required after subtracting the recoverable amount from gross stress loss.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market stress dollar loss","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"market_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hro22eapyltoyolx3rp74","dataset_version":"task1-v4","question":"An account starts with USD 3647, has a nominal annual rate of 19 percent, and compounds quarterly for 1 years. Use m = 4, A = P(1 + (r/100)/m)^(m n), and interest = A - P. Use exact arithmetic and do not round intermediate values.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact quarterly rate ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"quarterly_rate_trace"},{"description":"Ending account balance.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_huibsvzjxts6id2rkgvji","dataset_version":"task1-v4","question":"Use exact arithmetic. Short-term debt is 253 USD million, long-term debt is 351 USD million, and shareholders' equity is 469 USD million. Total debt equals short-term debt plus long-term debt. Compute the debt-to-equity ratio as total debt divided by equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total debt before computing leverage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"allowed_values":["Package A","Package B","Neither package"],"type":"enum"},"case_id":"t1_hv3zsk264dezrc4iw7mnm","dataset_version":"task1-v4","question":"A company begins with assets of 102 and liabilities of 19 in USD millions. Financing Package A adds equity proceeds of 39 and debt proceeds of 21. Financing Package B adds equity proceeds of 61 and debt proceeds of 3209/67. Under this scenario's internal three-stage leverage-covenant ratchet, the permitted liabilities-to-assets ceiling starts at 1.00. At each stage, the company reduces the remaining ceiling by the same fraction 0.1999995, so the final cumulative ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general accounting or regulatory rule. A package qualifies only if its post-financing equity is at least 101 and its exact liabilities-to-assets ratio does not exceed that final inclusive ceiling. Return the qualifying package with the lower exact ratio, choose Package A on an exact tie, or return Neither package when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Package A`, `Package B`, `Neither package`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-stage liabilities-to-assets cap factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_leverage_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_hwiab5yufxtitjhl2ydqs","dataset_version":"task1-v4","question":"A company recognizes 88947 USD of warranty expense under accrual financial reporting in the current period. Only 81886 USD is deductible on the current tax return; the entire remainder will be deductible when the warranty obligation is settled. The enacted tax rate expected when the difference reverses is 19 percent. Assume the full gross deferred tax asset is recognized with no valuation allowance and no discounting. Compute the deferred tax asset from this deductible temporary difference.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact warranty expense remaining deductible in a future period.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"temporary_difference_trace"},{"description":"Exact enacted tax rate expressed as a ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"tax_rate_ratio_trace"}]}}
{"answer_spec":{"allowed_values":["Customer attrition loss is larger","Tax exposure loss is larger","Expected losses are equal"],"type":"enum"},"case_id":"t1_hxzkgks2txqglsrwkp7xi","dataset_version":"task1-v4","question":"At one valuation date, verified recurring EBITDA is 102 and target-controlled confirmed run-rate savings not already included in that amount are 11. The base case applies valuation multiple 8. In a customer-attrition state, recurring EBITDA falls by 11 and the valuation multiple compresses to 7; that state occurs with probability 0.2. Define expected customer value loss as the state probability times the difference between base-case and attrition-case enterprise values. A separate, non-overlapping gross tax exposure of 99 crystallizes with probability 0.5, and insurance recovers fraction 0.2 if it crystallizes. Define expected tax loss as crystallization probability times the uninsured exposure. Compare the two exact unrounded expected losses and return exactly Customer attrition loss is larger, Tax exposure loss is larger, or Expected losses are equal. This is a scenario-local diligence attribution, not a statement of current law or a general risk ranking.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Customer attrition loss is larger`, `Tax exposure loss is larger`, `Expected losses are equal`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute recurring EBITDA in the customer-attrition state","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"attrition_case_ebitda_checkpoint"},{"description":"Compute the tax exposure remaining after insurance recovery","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"uninsured_tax_exposure_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"years"},"case_id":"t1_hydfxmv2lfzm6zxvxg6au","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local retirement calculation with no returns. Target savings in USD are 2555. Current savings in USD are 486. Annual saving in USD per year is 196. Funding gap is the larger of target minus current and zero. Divide the gap by annual saving. Fractional years are allowed and no ceiling is applied. Round only the final years half up to two decimals. Report the funding gap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `years` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report nonnegative funding gap.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"funding_gap_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_hykav5otao55ciarxli5g","dataset_version":"task1-v4","question":"A company has market-value common equity E of 71 USD million, senior debt Ds of 31 USD million with annual nominal pretax cost ks of 5.5 percent, and subordinated debt Du of 21 USD million with annual nominal pretax cost ku of 6.5 percent. Its annual nominal common-equity cost ke is 8.5 percent and its corporate tax rate T is 24.25 percent. The subordinated debt cost is not below the senior debt cost, and both tranches receive the same interest tax shield. Let D=Ds+Du, kd=(Ds*ks+Du*ku)/D, V=E+D, wE=E/V, wD=D/V, and WACC=wE*ke+wD*kd*(1-T/100). Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact total market value of debt.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"total_debt"},{"description":"Exact value-weighted pretax debt cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_debt_cost_percent"},{"description":"Exact combined-debt capital weight.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"debt_weight"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_hzztcoreno4g6ao5beno2","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital composition rule. Common equity in USD millions is 0. Additional Tier 1 amount in USD millions is 0. Total Tier 1 capital in USD millions is 0.5. Add the first two amounts, divide by total Tier 1 capital, convert to percent, and round only the final percent half up to two decimals. Report the eligible amount and exact ratio before the final percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined eligible capital.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"eligible_tier1_usd_million"},{"description":"Report exact composition ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"composition_ratio"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_i5ae75hrqnwvwjiy375ge","dataset_version":"task1-v4","question":"Use exact arithmetic. Base capital is C=1896435.75 USD, risk appetite is a=65 percent, and the disclosed volatility adjustment is v=8.5 percent. Define m=1+v/100 and adjusted threshold=C*(a/100)*m. Compute it in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact appetite ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"},{"description":"Exact disclosed adjustment multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"adjustment_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_i6ihctgkcoskhtlhirkti","dataset_version":"task1-v4","question":"A buyer wants a target equity value of 101. The company has total debt of 9 and cash of 29, which are the only enterprise-value-to-equity-value adjustments in this scenario, and the buyer values normalized EBITDA at 3. Due diligence expects a recurring EBITDA deduction of 2 from the reported figure. Determine the minimum reported EBITDA required to support the target equity price: first bridge equity value to enterprise value using net debt, infer required normalized EBITDA, and then restore the deduction.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute net debt for the equity-to-enterprise bridge","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"net_debt_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ialx23cdhaqhdwz4fuwdm","dataset_version":"task1-v4","question":"A borrower compares the current loan with a refinance over the same next two equal-length periods. Both paths start from outstanding principal of 1015. The current loan uses an effective rate of 0.05 and a payment of 100.5 at each period end. The refinance capitalizes a fee of 0.5 into its opening balance, then uses an effective rate of 0.03 and a payment of 80.38 at each period end. Interest accrues before each payment. What is the signed second-period ending-balance difference, current loan minus refinance?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-loan balance after its first payment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"current_first_payment_balance_checkpoint"},{"description":"Report the refinance balance after its first payment","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"refinance_first_payment_balance_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ibmz3xu6h724upwo75cb2","dataset_version":"task1-v4","question":"Two teams independently prepared operating cash-flow schedules for the same reporting period, so classification or data-quality differences may make them disagree. The indirect schedule starts with after-tax net income 122.873, adds nonoverlapping depreciation 48.855 and amortization 63.744, subtracts the cash uses from an increase in accounts receivable 11.932, an increase in inventory 24.844, and a decrease in accounts payable 33.35, then adds an increase in accrued liabilities excluding income taxes payable 55.948 and an increase in income taxes payable 52.8. The direct schedule subtracts non-tax operating cash payments 65.527 and cash income taxes paid 30.291 from operating cash receipts 493.152. Normalize each schedule's operating cash flow by reported revenue 1476. This scenario defines a fictional reconciliation score as the mean of those two margins minus the square of their signed difference. It is a scenario-local diagnostic, not a GAAP, IFRS, or standard audit metric. Report the score as a percentage. All monetary inputs are USD millions for the same period; use exact arithmetic and round only the final percentage to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute total noncash depreciation and amortization charges","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"noncash_charges_checkpoint"},{"description":"Compute cash uses from the three working-capital movements","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"working_capital_cash_uses_checkpoint"},{"description":"Compute non-tax operating cash payments plus cash income taxes paid","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"direct_cash_uses_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_ickeayv4rj4c4pawlbzu4","dataset_version":"task1-v4","question":"Current assets are 148949 USD and current liabilities before reclassification are 63960 USD. Of a 50244 USD long-term loan, 9828 USD becomes current; the reclassified amount is included only in adjusted current liabilities. Compute the decrease in the current ratio: initial ratio minus adjusted ratio.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current ratio before reclassification.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Current liabilities after adding the reclassified amount.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Current ratio after reclassification.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_icvxxs36qyaik72aebvn2","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital policy. Risk-weighted assets in USD millions are 121.9. Base required percent is 8. Buffer percent is 2. Add the two percentages, convert the total percent to a ratio, and multiply by risk-weighted assets. Round only the final required capital half up to two decimals. Report total required percent and exact unrounded required capital.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined requirement percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"total_required_percent"}]}}
{"answer_spec":{"allowed_values":["within_budget","budget_breach"],"type":"enum"},"case_id":"t1_iektljrmxrprfosqxsk4i","dataset_version":"task1-v4","question":"A portfolio worth 98 faces positive downside shock ratio 0.05. Its linear loss sensitivity is 0.4, and its convexity multiplier 2 applies to the square of the shock. Add the linear and convexity loss rates, convert the result to a gross dollar loss, and cap that loss at 2. Compare the capped loss with budget 2. Return within_budget when the capped loss does not exceed the budget and budget_breach otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `within_budget`, `budget_breach`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the convexity loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"convexity_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_igezw3wt3tlmbayoq5woe","dataset_version":"task1-v4","question":"A sentiment model must reach a total score of 9.69903. Its news contribution equals 19 multiplied by average news polarity 2/13 and influence factor 1198889/6000000. Its tweet contribution equals 14 multiplied by average tweet polarity 31/17 and an unknown engagement ratio. The total score is the sum of these two contributions. What engagement ratio reaches the target? Report the required ratio using half-up rounding to six decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 6 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the weighted news contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"news_score_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_igmuoeiz6u22cyx4i3q7q","dataset_version":"task1-v4","question":"Two project plans have identical non-cleanup cash flows, so those cash flows cancel in their NPV difference. The valuation-date base cleanup estimate is 9703. It grows at the nominal effective annual escalation rate 0.1, so the early plan pays the resulting cleanup cost at the end of year 8. The deferred plan pays the resulting cleanup cost at the end of year 8, together with a separate fixed nominal administration outflow of 2731.316416 paid only at that terminal date. Discount all cleanup-related cash flows at the nominal effective annual rate 0.2, compounded annually. The escalation and discount rates use the same currency and inflation basis and are decimal ratios. Compute NPV(deferred plan) minus NPV(early plan). A positive result favors deferral, a negative result favors early cleanup, and zero means equal NPV. Report signed USD to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the cumulative cleanup escalation factor to the early payment date.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"early_cleanup_growth_factor_checkpoint"},{"description":"Report the cumulative discount factor to the deferred terminal date.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"terminal_discount_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_ii57dgvllmuq5eo5wegfo","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock consideration is 49775550 USD and the agreed value per issued share is 1649375 USD per share. Divide stock consideration by share value to obtain the number of shares issued.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["Package A","Package B","Neither package"],"type":"enum"},"case_id":"t1_iiy2hxyxv2vva2vdciys2","dataset_version":"task1-v4","question":"A company begins with assets of 102 and liabilities of 19 in USD millions. Financing Package A adds equity proceeds of 49 and debt proceeds of 5135/53. Financing Package B adds equity proceeds of 41 and debt proceeds of 879/11. Under this scenario's internal three-stage leverage-covenant ratchet, the permitted liabilities-to-assets ceiling starts at 1.00. At each stage, the company reduces the remaining ceiling by the same fraction 0.2999996, so the final cumulative ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general accounting or regulatory rule. A package qualifies only if its post-financing equity is at least 99 and its exact liabilities-to-assets ratio does not exceed that final inclusive ceiling. Return the qualifying package with the lower exact ratio, choose Package A on an exact tie, or return Neither package when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Package A`, `Package B`, `Neither package`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-stage liabilities-to-assets cap factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_leverage_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ikmtkr7sdwigzo2qfzcpc","dataset_version":"task1-v4","question":"An investment requires an initial outlay of 283.75 at time 0, pays 112 at the end of year 1, and pays 246 at the end of year 2. Starting from the annual effective trial rate 0.1, evaluate the exact two-year NPV and perform exactly one Newton-Raphson update using the positive magnitude of the NPV derivative. The trial NPV is guaranteed to be positive, so the update moves upward while remaining below the unique economic IRR. Report the updated trial rate as an annual percentage. Do not iterate again and do not describe the result as the exact or converged IRR.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the present value of the year-2 cash flow at the trial rate.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"year_two_present_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_ikzeoqfhhqvgl5eujv2om","dataset_version":"task1-v4","question":"Start with reporting-currency capital and convert it into base currency at normalized entry quote 0.46867216, expressed as reporting-currency units per base-currency unit. The entry conversion retains one minus fee ratio 0.2. At exit, convert all retained base currency back into the reporting currency at the normalized exit quote to be solved for and retain one minus fee ratio 0.5. Then deduct a financing charge equal to 0.4 times the initial reporting-currency capital. Determine the exact exit-quote threshold at which the net return equals 0.1. Carry all arithmetic exactly, then report that threshold using half-up rounding to six decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 6 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the return-and-carry gross growth multiple rounded half up to six decimals","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"gross_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_imcvxwu3sfwripzdg6szk","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=186739.75 USD. Weights w1=51, w2=24, w3=24 percent sum exactly to 100; signed sensitivities are s1=-2, s2=0, s3=0; signed common rate change is c=3 percent. Define weighted sensitivity S=w1*s1/100+w2*s2/100+w3*s3/100 and change=V*(c/100)*S. Compute signed USD change without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact weighted sensitivity.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"weighted_sensitivity_trace"},{"description":"Exact signed factor-change ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_inzaqjlt67ssren3eikhw","dataset_version":"task1-v4","question":"An asset costs 120972 USD, has zero residual value, and a useful life of 10 years. It receives 4 months of straight-line depreciation in its acquisition year, then 6 complete depreciation years before disposal. It is sold immediately after those periods for 83338 USD, with no disposal-period depreciation beyond the stated periods. Compute signed disposal gain or loss = sale price minus carrying amount.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual straight-line depreciation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"trace_1"},{"description":"Total depreciation through disposal.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Carrying amount immediately before disposal.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_iocelo43rc67brkzzzmy6","dataset_version":"task1-v4","question":"A put option has spot price USD 151 per share and strike price USD 147 per share. Compute intrinsic value per share = max(strike - spot, 0) using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed strike-minus-spot amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"moneyness_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_ip7eswpfwgov7nidk755y","dataset_version":"task1-v4","question":"Opening total liabilities are 921510 USD and equity is 465817 USD. During the period, the company repays 213732 USD of liabilities and incurs 148104 USD of new liabilities. Equity is unchanged. Compute closing debt-to-equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Liabilities after repayment and before new borrowing.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Closing liabilities after new borrowing.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_iqboasqtk52jf7gzaso4q","dataset_version":"task1-v4","question":"All measures refer to the same annual diligence review period. Verified recurring EBITDA before the proposed adjustment is 61. Reported operating cash flow is 43.4, including a temporary working-capital release of 2 and a one-time tax refund of 1 that the reviewer removes. The internal screen requires normalized operating cash flow divided by EBITDA after the proposed noncash management add-back of 9 to be at least 0.6. Assume the proposed add-back has no operating-cash-flow effect. Solve for the maximum noncash add-back supported by this scenario-local screen, then report the signed headroom relative to the proposed add-back. A positive result means unused screening capacity and a negative result means the proposal exceeds the screen. This is an internal scenario calculation, not validation or approval of the add-back.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Remove the temporary working-capital release from reported operating cash flow","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"cash_flow_after_working_capital_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_iqfcvuweioe2urpc24y62","dataset_version":"task1-v4","question":"Two post-merger initiatives are evaluated over the same first-year horizon. The cost-synergy initiative succeeds with marginal probability 0.5 and contributes 11852 USD millions whenever it succeeds. The revenue-synergy initiative succeeds with marginal probability 0.4 and contributes 14758 USD millions whenever it succeeds. Assume the two initiative outcomes are independent. If both succeed, they also create incremental joint benefit 39409 USD millions beyond the two standalone benefits. Compute the percentage of total expected gross integration benefit attributable specifically to that incremental joint benefit. Carry exact probabilities and amounts through the calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the expected standalone benefit from the cost-synergy initiative","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"expected_cost_benefit_checkpoint"},{"description":"Compute the expected standalone benefit from the revenue-synergy initiative","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"expected_revenue_benefit_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"nominal_percent"},"case_id":"t1_it75w7cew6o7b3qyzbfqo","dataset_version":"task1-v4","question":"A sustainable-finance project begins with an annual financing rate of 5.5 percent, an exact decimal from 4.00 through 10.00 inclusive with at most two decimal places. Its social-impact performance reduces that rate by 79 basis points, an integer from 20 through 80 inclusive. Use the convention 100 basis points equals one percentage point. Compute the new annual financing rate by converting the reduction to percentage points and subtracting it from the initial rate. Use exact arithmetic and round only the final percentage rate half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `nominal_percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact rate reduction in percentage points.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"nominal_percent"},"slot_id":"reduction_percentage_points_trace"}]}}
{"answer_spec":{"allowed_values":["Routine monitoring","Enhanced review","Suspend and refresh records","Restrict and investigate"],"type":"enum"},"case_id":"t1_itzuo3b6ykpkqyufyudou","dataset_version":"task1-v4","question":"Apply the following fictional scenario-local review policy, not current law or regulatory guidance. A customer's prior risk score is 6.93, current risk score is 4.12, material-migration threshold is 1, and elevated-current-risk threshold is 7. The current review also reports suspicious activity false and stale documentation false. Compute signed score migration as current risk score minus prior risk score. Use Enhanced review when that signed migration reaches the positive material-migration threshold or current risk reaches the elevated-current-risk threshold; otherwise use Routine monitoring. Stale documentation overrides that result with Suspend and refresh records, while suspicious activity has highest precedence and produces Restrict and investigate. Return exactly one of these four labels: Routine monitoring, Enhanced review, Suspend and refresh records, or Restrict and investigate.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Routine monitoring`, `Enhanced review`, `Suspend and refresh records`, `Restrict and investigate`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the signed current risk score minus prior risk score.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"risk_migration_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_iv2lwarbq5m6y7c3dqsbm","dataset_version":"task1-v4","question":"A fictional digital savings account starts with 991 USD, earns simple annual interest of 97.5 percent, and remains open for 8 years. Convert the percentage to a ratio. Interest equals principal times annual ratio times years, and ending balance equals principal plus interest. What is the ending balance in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact accrued simple interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"simple_interest_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ivewaxgfm6hwifpg74cnw","dataset_version":"task1-v4","question":"Use exact arithmetic. Company A revenue is 391983 USD, Company B revenue is 369899 USD, the first-year synergy rate is 6 percent of combined revenue, and one-year integration cost is 60622 USD. Add the revenues, multiply the sum by the synergy-rate ratio, and subtract integration cost to obtain net first-year synergy benefit. A negative result represents a first-year net cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual revenue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Gross first-year synergy benefit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_iwhg2grqvg74ngtree4qy","dataset_version":"task1-v4","question":"A sustainability report lists annual energy cost 78990 USD, a whole-dollar amount from 60000 through 120000 inclusive, reduced by 6.84 percent, an exact decimal from 5.00 through 12.00 inclusive with at most two decimal places. It also lists annual waste-management cost 22541 USD, a whole-dollar amount from 15000 through 40000 inclusive, reduced by 10.11 percent, an exact decimal from 8.00 through 18.00 inclusive with at most two decimal places. Apply each reduction once to its own cost base. Compute combined annual savings as exact energy savings plus exact waste savings, and round only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual energy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"energy_savings_trace"},{"description":"Exact annual waste savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"waste_savings_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ix6gbnbemndtxalcecdd4","dataset_version":"task1-v4","question":"A long call costs a premium of USD 17 per share, has strike price USD 98, and expires when the underlying is USD 148 per share. Compute payoff = max(expiration spot - strike, 0), net P/L = payoff - premium, and ROI = net P/L / premium x 100 percent. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Expiration call payoff per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"call_payoff_trace"},{"description":"Net profit or loss per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"net_profit_loss_trace"}]}}
{"answer_spec":{"allowed_values":["expansion","defensive","wait"],"type":"enum"},"case_id":"t1_ixnltg23hqgcnuryjxupg","dataset_version":"task1-v4","question":"A company starts with revenue 204, faces downturn ratio 0.5, and forecasts recovery ratio 0.2 if it makes one-period cash outlay 11. Baseline operating cost 61 rises by cost-inflation ratio 0. The company has available cash 4 and requires one-period scenario surplus of at least 41. Expansion surplus applies both downturn and recovery, then subtracts inflated operating cost and the cash outlay. Defensive surplus applies only the downturn and subtracts inflated operating cost. Return expansion if its surplus threshold and cash requirement both pass. Otherwise return defensive if its surplus threshold passes, and wait if neither passes.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `expansion`, `defensive`, `wait`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report revenue after the downturn","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ixo4cp3zxxu35gahhsqzm","dataset_version":"task1-v4","question":"A property is purchased for USD 2423, renovated for USD 374, and sold for USD 4126. Compute total investment = purchase + renovation, profit = sale - total investment, and ROI = profit / total investment x 100 percent. Use exact arithmetic and round only the final ROI.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total purchase and renovation investment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_investment_trace"},{"description":"Property investment profit or loss.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"investment_profit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_iy3l3bsz4bjmzeidr6oiy","dataset_version":"task1-v4","question":"An investment of USD 3857 produces gross profit of USD 2037. In this exact algebraic scenario, apply a tax rate of 29 percent directly to gross profit, so after-tax profit = gross profit x (1 - tax rate/100). Compute after-tax ROI = after-tax profit / initial investment x 100 percent. No other tax rules apply.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction of gross profit retained after tax.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retention_rate_trace"},{"description":"Profit after applying the stated algebraic tax factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_profit_trace"}]}}
{"answer_spec":{"allowed_values":["Current sale","Hold then sell","Neither"],"type":"enum"},"case_id":"t1_iz2hmnd5gaiesrsnhdjme","dataset_version":"task1-v4","question":"An investor owns 53 shares bought at 39 per share and 57 shares bought at 61 per share. Compare selling the complete position now at 61.96995 per share with total sale cost 98, against holding one period and selling in exhaustive subjective base and downside states. The base terminal sale price is 85, the downside terminal sale price is 72, gross terminal dividend is 3 per share in either state, and total future sale cost is 98 in either state. Under this scenario-local convention, sale cost reduces amount realized, positive gain equals amount realized minus the complete two-lot basis, and gain tax ratio 0.2 applies to each generated positive gain. Terminal dividend tax ratio is 0.25. Discount both future after-tax cash states one period using time-value-only rate 0.1. Assign subjective downside probability 0.3 and base probability one minus that value. Current sale qualifies when its exact after-tax cash is at least 5624. Holding qualifies when exact downside-state present value is at least 5532. Rank a qualifying hold strategy by its exact probability-weighted present value against current after-tax cash. If both qualify, choose the higher value and choose Current sale on an exact tie. If only one qualifies, choose it; otherwise return Neither. Prices and dividend are per share; sale costs, basis, proceeds, cash floors, and present values are total-position USD; rates and probabilities are ratios. This is a planning convention, not current tax, legal, or market advice; it gives no loss credit and ignores other taxes, fees, and cash flows.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Current sale`, `Hold then sell`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-sale taxable gain rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"current_gain_checkpoint"},{"description":"Report the base-state future taxable gain rounded half up to cents","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"base_gain_checkpoint"},{"description":"Report the downside-state future taxable gain rounded half up to cents","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"downside_gain_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_j2ddrvd2qd76py5yju5sw","dataset_version":"task1-v4","question":"A firm must support a high-risk allocation of 102. Before applying its risk-appetite ratio 0.5, it increases the allocation target by diversification buffer ratio 0.2. It also keeps 19 outside the allocable capital pool. Compute the minimum total capital required to fund the buffered high-risk allocation and the reserve.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the buffered high-risk allocation target","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"buffered_target_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_j2ken4tszeewjor37nmf2","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial operating cost is C=123762.75 USD and the increase is g=8 percent. Compute new cost=C*(1+g/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact cost growth multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_j3lx66k3hvxg6mwqjszj6","dataset_version":"task1-v4","question":"A fictional transfer of 2461 USD is evaluated against an original local threshold of 2460 USD. The threshold receives a signed adjustment of -0.0243 percent. Convert the adjustment to a ratio, multiply the original threshold by one plus that ratio, subtract the adjusted threshold from the transfer, and take the larger of the difference and zero. What is the nonnegative excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact adjusted threshold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"adjusted_threshold_trace"},{"description":"Signed excess before the zero floor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_j3uapbtxhvrr5ggktoe4q","dataset_version":"task1-v4","question":"Total liabilities are 416670 USD and total equity before an owner capital injection is 249135 USD. The injection adds 108706 USD to equity and does not change liabilities. Compute debt-to-equity after the injection.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Equity after the capital injection.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_j4bjsk2wzysiqb44mn4qw","dataset_version":"task1-v4","question":"An investor buys 74 shares at USD 63 per share and later sells them at USD 68 per share. Compute signed capital gain = total sale proceeds - total purchase cost. A negative result is a capital loss. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total purchase cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"purchase_cost_trace"},{"description":"Total sale proceeds.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"sale_proceeds_trace"}]}}
{"answer_spec":{"allowed_values":["within_appetite","reduce_exposure","liquidity_block"],"type":"enum"},"case_id":"t1_j4k4lmii22upus5uzmauq","dataset_version":"task1-v4","question":"A firm has capital 101, base risk-appetite ratio 0.5, a downturn haircut 0.5, and a volatility uplift 0. Its liquid assets are 34, of which 9 must remain uncommitted, and it proposes exposure 11. Reduce the base appetite by the downturn haircut, divide it by one plus the volatility uplift, and apply the result to capital. Define available excess liquidity as max(liquid assets, the reserve) minus the reserve, which floors this numeric limit at zero without treating a reserve shortfall as covered. The binding exposure limit is the smaller of that stressed risk budget and available excess liquidity. Return liquidity_block if the original liquid assets do not cover the reserve, otherwise return within_appetite when proposed exposure is within the binding limit and reduce_exposure when it is not.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `within_appetite`, `reduce_exposure`, `liquidity_block`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the appetite ratio after both stress adjustments","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"stressed_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_jdzpnjyimh7b2oz7dlw4w","dataset_version":"task1-v4","question":"A merchant has 98 original payment attempts, each for 101. The primary processor succeeds with probability 0.35. Every primary failure triggers exactly one backup retry, whose conditional success probability is 0.3. An order produces one settlement of the stated amount if either attempt succeeds and produces no revenue if both fail; no order is retried more than once. The primary charges 0.02 of the stated amount plus fixed fee 1 on every original attempt, whether successful or failed. The backup charges 0.03 of the stated amount plus fixed fee 2 on every retry, whether successful or failed. The merchant also incurs 3 for every primary failure and an additional 9 for every order where both attempts fail, and pays 203 once for the batch. Treat all probabilities as exact scenario expectations. Ignore chargebacks, lost-sales costs, taxes, and all other costs. Compute expected settled revenue and deduct all processing, handling, and subscription costs. What are the expected net merchant proceeds?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the fraction of original attempts expected to settle through the backup retry.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"retry_success_fraction_checkpoint"},{"description":"Report expected backup processing fees.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"backup_processing_fees_checkpoint"},{"description":"Report expected additional handling cost from terminal failures.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"terminal_failure_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_jgdqgpojbfgovt33arcu6","dataset_version":"task1-v4","question":"An investment costs 59376 USD at time 0, and that amount remains its tax basis. It is sold exactly six months later for 132860 USD, with 507 USD of selling cost paid at sale. Capital-gains tax equals 23 percent of the strictly positive net gain, defined as sale price minus selling cost minus tax basis. The after-tax net sale proceeds are the only terminal cash flow. Compute the effective annualized after-tax IRR as a percentage. For the exact six-month holding period, square the after-tax gross return multiple before subtracting one.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sale proceeds after selling cost.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_trace"},{"description":"Six-month terminal proceeds after tax.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_proceeds_trace"},{"description":"Exact six-month after-tax gross return multiple.","position":3,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"six_month_gross_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_jhe74x6yrefojfqderetc","dataset_version":"task1-v4","question":"A company has total assets of 43737 USD and total liabilities of 25246 USD. Using Assets = Liabilities + Equity, compute total equity. Preserve a negative result if liabilities exceed assets.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_jin6yi3ltp5slih3vfvh4","dataset_version":"task1-v4","question":"A token has 1220 units and a current price of 4 USD. In each of exactly three sequential stress stages, the same ratio 0.2999997 is removed from the price surviving the previous stage, with no replenishment between stages; the three-stage stressed price is therefore current price times (1-per-stage downside ratio)^3. Under the burn policy, 206 units are removed and treasury support raises that stressed price once by ratio 0.2. Under the fallback emission policy, 102 units are added and the stressed price receives no support. Ignore any other price effects. Use the burn policy if its resulting market cap is at least 1458 USD; otherwise use the emission policy. What market cap is selected? Use exact values for the floor test and all intermediate arithmetic, then report the selected market cap in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the price-retention ratio after one stress stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_price_retention_checkpoint"}]}}
{"answer_spec":{"allowed_values":["full_remediation","capital_priority","liquidity_priority","no_feasible_plan"],"type":"enum"},"case_id":"t1_jk3wmmhk27ph7yh2jp6wi","dataset_version":"task1-v4","question":"Under this scenario-local compliance policy, an institution has current capital 81 against required capital 101, and liquid assets 82 against required liquidity 101. Closing one dollar of capital gap costs ratio 0.5, closing one dollar of liquidity gap costs ratio 0.5, every submitted plan also costs 6, and the total budget is 24. Requirements exceed current resources. Return exactly `full_remediation`, `capital_priority`, `liquidity_priority`, or `no_feasible_plan`. Use `full_remediation` when both gaps plus filing are affordable. Otherwise prescribe the single-gap plan for the larger gap, using `capital_priority` on an exact gap tie and `liquidity_priority` when the liquidity gap is larger; return the prescribed token only if that plan is affordable, and return `no_feasible_plan` otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `full_remediation`, `capital_priority`, `liquidity_priority`, `no_feasible_plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of required capital already covered","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"capital_coverage_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_jlda7oqfrmfxcsrjjfuhk","dataset_version":"task1-v4","question":"Two teams independently prepared operating cash-flow schedules for the same reporting period, so classification or data-quality differences may make them disagree. The indirect schedule starts with after-tax net income 116.39, adds nonoverlapping depreciation 42.06 and amortization 57.2, subtracts the cash uses from an increase in accounts receivable 9.57, an increase in inventory 16.47, and a decrease in accounts payable 23.5, then adds an increase in accrued liabilities excluding income taxes payable 54.06 and an increase in income taxes payable 40.3. The direct schedule subtracts non-tax operating cash payments 52.07 and cash income taxes paid 28.2 from operating cash receipts 233.45. Normalize each schedule's operating cash flow by reported revenue 1021. This scenario defines a fictional reconciliation score as the mean of those two margins minus the square of their signed difference. It is a scenario-local diagnostic, not a GAAP, IFRS, or standard audit metric. Report the score as a percentage. All monetary inputs are USD millions for the same period; use exact arithmetic and round only the final percentage to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute total noncash depreciation and amortization charges","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"noncash_charges_checkpoint"},{"description":"Compute cash uses from the three working-capital movements","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"working_capital_cash_uses_checkpoint"},{"description":"Compute non-tax operating cash payments plus cash income taxes paid","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"direct_cash_uses_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_jmsipwk3lxjvqtzcpvzug","dataset_version":"task1-v4","question":"An investor has a portfolio worth 10203.003 and requires its stressed value to remain at or above 8687, which is strictly below the current portfolio value. In the stated stress scenario, the risky asset loses 0.3 of its allocated amount while all capital outside the risky asset retains its value. Policy also caps the risky asset's portfolio weight at 0.25. Compute the exact maximum permitted risky-asset weight. Apply the stress floor and policy cap to the unrounded exact weight, then report that weight as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation, not the operative exact cap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the allowable dollar loss under the floor","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"loss_budget_checkpoint"}]}}
{"answer_spec":{"allowed_values":["individual_customer","trust_account","ngo_noncorporate_entity","partnership_customer","corporate_customer"],"type":"enum"},"case_id":"t1_jn5hbnybozwj4vt2spqwc","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local onboarding taxonomy, not current law or institutional policy. The account nature is nonprofit_organization. The number of account holders is 2. The identifiers personal_savings, joint, and minor_account belong to natural_person and map to individual_customer. The identifier trust belongs to legal_arrangement and maps to trust_account. The identifier nonprofit_organization belongs to nonprofit_entity and maps to ngo_noncorporate_entity. The identifier partnership belongs to partnership_entity and maps to partnership_customer. The identifiers business and offshore_company belong to legal_person and map to corporate_customer. Separately, one holder is single_holder and more than one holder is multiple_holders. Classify the legal-form family and holder configuration, then return the customer classification.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `individual_customer`, `trust_account`, `ngo_noncorporate_entity`, `partnership_customer`, `corporate_customer`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the scenario-local legal-form family.","position":1,"result_spec":{"allowed_values":["natural_person","legal_person","legal_arrangement","nonprofit_entity","partnership_entity"],"type":"enum"},"slot_id":"legal_form_family"},{"description":"Report whether the holder count is single or multiple.","position":2,"result_spec":{"allowed_values":["single_holder","multiple_holders"],"type":"enum"},"slot_id":"holder_configuration"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_jrgmsev3527o6gkqaapts","dataset_version":"task1-v4","question":"A crypto asset is currently priced at 174.39848 USD per token after a global shock reduced its pre-shock price by loss ratio 0.2. A subsequent liquidity response increased the resulting post-shock price by a rebound ratio equal to 0.4899025 times the shock loss ratio. What was the price immediately before the shock? Apply the loss and rebound sequentially using exact arithmetic, and round only the final price to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the rebound ratio implied by the relative-magnitude input.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"rebound_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_jvisa2wizuddo36tn3rdo","dataset_version":"task1-v4","question":"An investment account begins a measurement period at value 979. A contribution of 199 is added after 0.25 of the period has elapsed. At period end, the post-distribution account value is 1174 and a terminal cash distribution of 91 is paid at that same time; the ending value excludes that distribution. There are no other external cash flows. Under the standard Modified Dietz convention, weight the contribution by the fraction of the period remaining and give the terminal distribution zero denominator weight. What is the period's Modified Dietz ROI as a percentage?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the time-weighted contribution used in the Modified Dietz capital base.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"weighted_contribution_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Customer attrition loss is larger","Tax exposure loss is larger","Expected losses are equal"],"type":"enum"},"case_id":"t1_jvmsxsdnr2igfxsg7bf2y","dataset_version":"task1-v4","question":"At one valuation date, verified recurring EBITDA is 102 and target-controlled confirmed run-rate savings not already included in that amount are 19. The base case applies valuation multiple 11. In a customer-attrition state, recurring EBITDA falls by 19 and the valuation multiple compresses to 7; that state occurs with probability 0.25. Define expected customer value loss as the state probability times the difference between base-case and attrition-case enterprise values. A separate, non-overlapping gross tax exposure of 406 crystallizes with probability 0.5, and insurance recovers fraction 0.5 if it crystallizes. Define expected tax loss as crystallization probability times the uninsured exposure. Compare the two exact unrounded expected losses and return exactly Customer attrition loss is larger, Tax exposure loss is larger, or Expected losses are equal. This is a scenario-local diligence attribution, not a statement of current law or a general risk ranking.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Customer attrition loss is larger`, `Tax exposure loss is larger`, `Expected losses are equal`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute recurring EBITDA in the customer-attrition state","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"attrition_case_ebitda_checkpoint"},{"description":"Compute the tax exposure remaining after insurance recovery","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"uninsured_tax_exposure_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Plan A","Plan B","Neither plan"],"type":"enum"},"case_id":"t1_jvtxg33e2n5z7jma3b3sm","dataset_version":"task1-v4","question":"Apply the fictional scenario-local compliance planning policy given here, not current law or regulatory guidance. Inherent risk is 0.8. Plan A has per-stage fractional risk reduction 0.4, implementation cost 51 USD, monitoring cost 29 USD, and fractional cost credit 0.2. Plan B has per-stage fractional risk reduction 0.35, implementation cost 61 USD, monitoring cost 31 USD, and fractional cost credit 0.2. For each plan, apply its stated reduction to surviving risk in exactly three sequential stages with no risk replenishment; equivalently, multiply inherent risk by one minus that plan's per-stage fraction three successive times. Net cost equals the sum of implementation and monitoring costs multiplied by one minus its credit fraction. A plan qualifies only if residual risk is no more than 0.25 and net cost is no more than 99 USD. If both qualify, choose the lower exact net cost, with Plan A on an exact tie. If only one qualifies, choose it; otherwise return Neither plan. Report Plan A's one-stage retained-risk factor independently to six decimal places, and return the selected plan from exact predicates and costs.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Plan A`, `Plan B`, `Neither plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Plan A's retained-risk factor after one of the three identical sequential reduction stages.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"plan_a_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_jxhsaml25ej6xmdvg2xvi","dataset_version":"task1-v4","question":"A USD-quoted FX position contains 154110 base-currency units. One pip changes the USD quote by USD 0.0005 per base unit. Compute the USD value of one pip as position units x pip size. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_jxkp624azqvbohehkfgk6","dataset_version":"task1-v4","question":"Over one annual period, a DeFi user already has 692.9598 USD earning yield ratio 0.1. A second pool offers yield ratio 0.25. The protocol charges a fixed annual fee of 102.69164 USD that does not depend on the added principal. Determine the additional stake required in the second pool to deliver a net annual reward of 51 USD. Report the result in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the reward supplied by the existing position.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"existing_reward_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_k2svtkmnydhmrcce42lbw","dataset_version":"task1-v4","question":"An investment requires 10184 USD at time 0. Exactly one year later it is sold for 29424 USD, and 4865 USD of selling costs is paid at that sale. Net sale proceeds exceed the initial investment, and there are no other cash flows. Compute the effective annual IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net sale proceeds after selling cost.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_trace"},{"description":"Exact one-year gross return multiple.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"gross_return_multiple_trace"}]}}
{"answer_spec":{"allowed_values":["reduce_flexible_spending","use_external_funding","no_feasible_response"],"type":"enum"},"case_id":"t1_k33o3mjzesadker2irhce","dataset_version":"task1-v4","question":"A household starts with a total budget of 1284.13125. A cut of 0.2 is imposed while protected spending of 909 and planned flexible spending of 514 are intended to continue. Flexible spending may not fall below 396, and at most 342 of outside funding is available. Prefer reducing flexible spending if that alone covers the funding gap; otherwise use outside funding if it alone covers the gap. Which response should be selected under these rules?\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `reduce_flexible_spending`, `use_external_funding`, `no_feasible_response`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the budget remaining after the cut","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_cut_budget_checkpoint"},{"description":"Report the flexible spending available for reduction","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"reducible_spending_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Enhanced review","Standard review"],"type":"enum"},"case_id":"t1_k3cewgreszf6ra37rd3oi","dataset_version":"task1-v4","question":"Apply the fictional scenario-local transaction-review policy given here, not current law or regulatory guidance. Three related cash transactions are 7, 2, and 1. The aggregate review threshold is 15. The customer's historical average cash transaction is 3, and the baseline largest-to-history spike-ratio threshold is 2. At each of exactly three sequential adjustment stages, reduce the surviving spike threshold by fraction 0.23 of its then-current value, with no replenishment between stages; the effective threshold is the baseline multiplied by one minus that fraction three successive times. Define the spike ratio as the largest transaction divided by the historical average. The policy also records true and false. Return Enhanced review when aggregate volume strictly exceeds its threshold and the spike ratio strictly exceeds the effective threshold, or when either critical flag is true. Otherwise return Standard review. Report the one-stage threshold-retention factor independently using half-up rounding to six decimals, then return the exact policy route.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Enhanced review`, `Standard review`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the threshold fraction retained after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"spike_threshold_residual_factor_checkpoint"}]}}
{"answer_spec":{"allowed_values":["assured","review_required"],"type":"enum"},"case_id":"t1_k3zhx7psoksfu3qixfbyu","dataset_version":"task1-v4","question":"A completed independent assurance engagement checks reported energy savings 1017 against audited energy savings 1219 and reported waste-management savings 813 against audited waste-management savings 1018. Under this scenario, the per-layer tolerance ratio 0.0999995 applies at exactly three sequential multiplicative audit-adjustment layers. Starting from each reported amount, every layer multiplies the current lower bound by 1-t and the current upper bound by 1+t, so the audited amount is compared once against the final inclusive envelope reported*(1-t)^3 through reported*(1+t)^3. Audit coverage 0.9 must reach 0.8, and true indicates that the completed engagement covered both metrics and issued an unmodified conclusion. Return assured only when every condition holds; otherwise return review_required.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `assured`, `review_required`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-layer lower tolerance factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"lower_stage_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_k423m3u6wxzcqkkhrfpss","dataset_version":"task1-v4","question":"Apply the fictional scenario-local planning rule stated here, not current law or regulatory guidance. A bank has eligible Tier 1 capital 43.35 and eligible Tier 2 capital 90.3237, risk-weighted assets 989, and total exposure 495, all in USD millions. The scenario supplies minimum capital ratio 0.09, capital buffer ratio 0.0457923, and minimum leverage ratio 0.1 as decimal ratios. One signed Tier 1 adjustment x changes both Tier 1 capital and total eligible capital by x while leaving Tier 2 capital, risk-weighted assets, and exposure fixed. Add the minimum capital ratio and buffer ratio. The capital constraint requires x to be at least combined_ratio*risk_weighted_assets-(Tier1+Tier2), while the leverage constraint requires x to be at least minimum_leverage_ratio*total_exposure-Tier1. Return the larger gap. Positive x is Tier 1 issuance required, zero is exactly binding, and negative x means the scenario permits withdrawal of -x while both constraints still hold. Independently report the combined capital requirement ratio using half-up rounding to six decimals; use its exact unrounded value downstream. Report x in USD millions using half-up rounding to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined capital requirement ratio independently.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"combined_capital_requirement_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_k4tte7vctjxhbgkfva7yo","dataset_version":"task1-v4","question":"Against one common annual operating baseline, a procurement program alone would deliver 61 USD millions of savings, an IT program alone would deliver 41 USD millions, and implementing both would deliver 81 USD millions. No program delivers zero savings. The standalone estimates overlap, so the combined result is strictly greater than either standalone result but strictly less than their sum. Attribute procurement savings by giving equal weight to its marginal contribution in both possible implementation orders: its procurement-only savings when introduced first, and combined-program savings minus IT-only savings when introduced after IT. What percentage of combined-program savings is attributed to procurement?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute procurement marginal savings when procurement follows IT","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"procurement_marginal_after_it_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_k64urpkqsueev4izay7ks","dataset_version":"task1-v4","question":"A wallet has two prior transfers of 462 USD and 761.59 USD in the current monitoring window. Its base rolling whale threshold is 972 USD and is increased by risk-adjustment ratio 0.125. What next transfer amount would make the rolling total exceed the adjusted threshold by exactly 76 USD? Use exact arithmetic and report the required transfer in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the multiplicative risk-adjustment factor used by the rolling whale threshold.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"threshold_adjustment_factor_checkpoint"}]}}
{"answer_spec":{"allowed_values":["earlier_date","later_date","neither_date"],"type":"enum"},"case_id":"t1_k65bllmechikkm6fq4274","dataset_version":"task1-v4","question":"A saver has 68845 and can add a one-time contribution of 19572 today. The combined amount earns 0.02 annually in the stated scenario. An earlier retirement in 4 years requires capital of 90595, while a later retirement in 8 years requires 93319. Either date is feasible only if projected capital exceeds its date-specific requirement by at least 3041. Prefer the earlier date whenever it is feasible; otherwise choose the later date if feasible. Which retirement date should be selected?\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `earlier_date`, `later_date`, `neither_date`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the compound growth factor to the earlier date","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"earlier_growth_factor_checkpoint"},{"description":"Report the compound growth factor to the later date","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"later_growth_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ka7uvqcc2n4k3nms6i35s","dataset_version":"task1-v4","question":"A zero-coupon bond pays USD 2440 at maturity in 3 years. Its effective annual yield is 7 percent. Compute price = face value / (1 + yield/100)^years with exact arithmetic and no intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact maturity discount denominator.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"discount_denominator_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kapzjdeqxk7d3tvzsowwi","dataset_version":"task1-v4","question":"Use exact arithmetic. Asset value is V=24380.25 USD, signed interest-rate change is c=0.0267 percent, and signed sensitivity is s=0.0221. Compute change=V*(c/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed factor-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_kbw72uenvoohcoai6uhfa","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local retirement calculation with no returns. Target savings in USD are 2535. Current savings in USD are 494. Existing annual saving in USD per year is 101. Positive integer years remaining are 17. Project existing contributions as annual saving times years and add current savings. Shortfall is the larger of target minus projected available and zero. Divide shortfall by years and round only the final additional annual saving half up to two decimals. Report projected available and shortfall.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report projected available savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"projected_available_usd"},{"description":"Report nonnegative shortfall.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"shortfall_usd"}]}}
{"answer_spec":{"allowed_values":["Scenario A","Scenario B","Neither scenario"],"type":"enum"},"case_id":"t1_kc3s6lxn4k434fik6onds","dataset_version":"task1-v4","question":"Compare two financing scenarios using corporate tax rate ratio 0.25 and maximum permitted WACC percentage 12. Under this scenario's internal leverage covenant, debt ratio means debt divided by debt plus equity, D/(D+E), and its permitted ceiling starts at 1.00. At each of exactly three sequential covenant stages the company reduces the remaining ceiling by the same fraction t=0.2, so the final shared ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general regulatory rule. Scenario A has equity value 71, debt value 31, cost of equity percentage 11, and pre-tax cost of debt percentage 5. Scenario B has equity value 73, debt value 49, cost of equity percentage 15, and pre-tax cost of debt percentage 6. A scenario qualifies only if both its exact WACC and D/(D+E) debt ratio satisfy their limits. Return exactly `Scenario A`, `Scenario B`, or `Neither scenario`; among qualifying scenarios return the one with lower exact WACC, choose `Scenario A` on an exact tie, and return `Neither scenario` when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Scenario A`, `Scenario B`, `Neither scenario`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the debt-ratio ceiling remaining after one covenant stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_debt_ratio_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_kcgjueov4og5blnfkarfg","dataset_version":"task1-v4","question":"A social-impact program has launch cost 147 and monitoring cost 99. Each beneficiary-equivalent unit is expected to create net monetized social value 59358/4001. The investor requires total social value, defined as beneficiary-equivalent scale multiplied by value per unit, to exceed the combined fixed costs by the surplus ratio 0.1; equivalently, required social value is combined fixed costs multiplied by one plus that ratio. Compute the beneficiary-equivalent scale that exactly meets this requirement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the surplus requirement attributable to monitoring cost","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"monitoring_surplus_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kd4d4eustbq3qatlqpxek","dataset_version":"task1-v4","question":"A fictional crypto firm has a local compliance fee of 979 USD. A disclosed regulation applies an adjustment multiple of 3 to that fee. Multiply the base fee by the multiple. What is the adjusted fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kfg52f4k5edvrk76hdkh2","dataset_version":"task1-v4","question":"A green bond has principal 28366 USD, a whole-dollar amount from 20000 through 50000 inclusive, and compounds annually at 3.25 percent, an exact decimal from 3.00 through 8.00 inclusive with at most two decimal places, for 7 years, an integer from 3 through 7 inclusive. A tax credit of 6.52 percent applies to exact compound interest, with a rate from 5.00 through 15.00 inclusive. The financed project saves 1625 USD per year, a whole-dollar amount from 1000 through 5000 inclusive, and pays 23.98 USD per proportional 500-USD savings block each year, an exact decimal from 20.00 through 50.00 inclusive. The compound interest is treated as evenly distributed across years. Each year, 17.09 percent of that annual interest, an exact decimal from 10.00 through 50.00 inclusive, is reinvested at 3 percent annually, an exact decimal from 2.00 through 6.00 inclusive, at year-end for the remaining full years. The reinvestment contribution includes reinvested amounts and their accrued growth. Compute total benefit as interest plus tax credit plus total bonus plus the reinvestment contribution, excluding return of principal. All decimal rates have at most two decimal places. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact bond compound interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"interest_earned_trace"},{"description":"Exact total savings-linked bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_bonus_trace"},{"description":"Exact reinvestment contribution including reinvested amounts.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"reinvestment_contribution_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_kgrsqwzko2wxm75aq7zay","dataset_version":"task1-v4","question":"A company has market-value common equity E of 66 USD million, preferred stock P of 14 USD million, and interest-bearing debt D of 34 USD million. Its common-equity beta is 1.5, the annual nominal risk-free rate rf is 2 percent, the expected annual nominal market return rm is 8.5 percent, the annual preferred-stock cost kp is 6 percent, the annual nominal pretax debt cost kd is 6 percent, and the corporate tax rate T is 26.5 percent. The market return is greater than the risk-free rate. Let ke=rf+beta*(rm-rf), V=E+P+D, wE=E/V, wP=P/V, wD=D/V, and WACC=wE*ke+wP*kp+wD*kd*(1-T/100). Preferred distributions receive no tax shield; only debt receives the interest tax shield. Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact CAPM common-equity cost percentage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"capm_equity_cost_percent"},{"description":"Exact preferred-stock capital weight.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"preferred_weight"},{"description":"Exact annual after-tax debt cost percentage.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"after_tax_debt_cost_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_kje65ivkhfub54byixdde","dataset_version":"task1-v4","question":"An investment account begins a measurement period at value 1178. A contribution of 295 is added after 0.5 of the period has elapsed. At period end, the post-distribution account value is 1523 and a terminal cash distribution of 80 is paid at that same time; the ending value excludes that distribution. There are no other external cash flows. Under the standard Modified Dietz convention, weight the contribution by the fraction of the period remaining and give the terminal distribution zero denominator weight. What is the period's Modified Dietz ROI as a percentage?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the time-weighted contribution used in the Modified Dietz capital base.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"weighted_contribution_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kkhmw36x6ggufarcpyzgq","dataset_version":"task1-v4","question":"An account must reach 1166 USD after 1 whole annual compounding periods at annual rate ratio 0.15. A later contribution of 693 USD is deposited at a compounding boundary from which exactly 7 whole periods remain, and it earns the same rate. Using exact compounding, what initial principal is required at the start? Report USD to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the compound growth factor applied to the later contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"later_contribution_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_kmflwxu6x26qtlnjbuyjy","dataset_version":"task1-v4","question":"A put option has spot price USD 151 per share and strike price USD 149 per share. Compute intrinsic value per share = max(strike - spot, 0) using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed strike-minus-spot amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"moneyness_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_kn7fd3lvr7evzbxbg6roo","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 3190540 USD, beginning common shares are 566697, new shares issued are 100440, and those new shares were outstanding for 6 months. The disclosed month count is an integer from 1 through 12. Weighted-average shares equal beginning shares plus new shares times months outstanding divided by 12. EPS equals net income divided by exact weighted-average shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction of the year the new shares were outstanding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"},{"description":"Exact weighted-average common shares.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_knhxbclcy2q62gkapssw2","dataset_version":"task1-v4","question":"A fictional monthly plan processes 109 transactions averaging 99 USD. It charges subscription 35 USD, flat fee 0 USD per transaction, 3 percent on sales up to 11630 USD, and 4 percent on sales above the cap. Total sales equal count times average value. Tier-one sales are the smaller of total sales and cap; tier-two sales are the larger of total sales minus cap and zero. Convert both rates to ratios, compute tier fees, add subscription and flat fees, divide total fees by sales, then convert to percent. What is the effective monthly fee rate in percent?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact total monthly sales.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_sales_trace"},{"description":"Sales above the first-tier cap.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"tier_two_sales_trace"},{"description":"Exact total monthly fees.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_fees_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_kprpk5lf5h4hscbjhoqei","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital policy. Risk-weighted assets in USD millions are 101.5. Base required percent is 6. Buffer percent is 4. Add the two percentages, convert the total percent to a ratio, and multiply by risk-weighted assets. Round only the final required capital half up to two decimals. Report total required percent and exact unrounded required capital.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined requirement percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"total_required_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_krpw4gvaexiadmmg3d2oi","dataset_version":"task1-v4","question":"Use exact arithmetic. Revenue is 187 USD million, the comparable revenue multiple is 4.62 times, and net debt is 18 USD million. Enterprise value equals revenue times the multiple. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Enterprise value implied by the revenue multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_krxzlbf7jxlgkoyektsii","dataset_version":"task1-v4","question":"Use exact arithmetic. Short-term debt is 260 USD million, long-term debt is 374 USD million, and shareholders' equity is 473 USD million. Total debt equals short-term debt plus long-term debt. Compute the debt-to-equity ratio as total debt divided by equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total debt before computing leverage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"case_id":"t1_ks6uycfn4fjhj6v5p5dbo","dataset_version":"task1-v4","question":"Convert 394 whole euros using EUR/USD = 1 USD per euro and GBP/USD = 2 USD per pound. Compute the exact cross rate GBP per EUR = (USD per EUR)/(USD per GBP), then multiply by euros. The supplied exact inputs produce a whole number of pounds; do not round the cross rate.\n\nAnswer format: return only the exact numeric value interpreted in `count`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact implied GBP per EUR cross rate.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"cross_rate_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ksx5cymcopfcti5u4rhpy","dataset_version":"task1-v4","question":"A fictional trade originally costs 2472 USD. A local regulation applies a total-cost multiple of 1 and also requires a minimum additional charge of 121 USD. Subtract one from the multiple, multiply by original cost to get the calculated additional cost, then take the larger of that amount and the minimum charge. What additional cost applies in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Increase portion of the regulation multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"increase_multiple_trace"},{"description":"Calculated additional cost before the minimum.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"calculated_cost_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kvl6xaazcsquhwbf5ssno","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Gross income in USD is 256. Standard deduction in USD is 102. Flat tax ratio is 0.4. Taxable income is the larger of gross income minus deduction and zero. Tax equals taxable income times the ratio. Round only the final tax half up to two decimals. Report taxable income.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report taxable income.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"taxable_income_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kvns7srhsouvv5jn5uojm","dataset_version":"task1-v4","question":"Use exact arithmetic. The portfolio value is V=26684 USD; daily volatility is s=2.4 percent; the supplied exact time-scaling scenario multiplier is t=3; and confidence is c=94.25 percent. All case values lie in V from 10000 through 50000, s from 1 through 5, t from 1 through 11/5, and c from 90 through 99. For this disclosed scenario, define the heuristic confidence multiplier m=1+(100-c)/100; it is a stipulated scenario rule, not a normal quantile. Compute VaR=V*(s/100)*t*m in USD using no intermediate rounding. Round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact volatility ratio used by the VaR calculation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"volatility_ratio_trace"},{"description":"Exact disclosed heuristic confidence multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"confidence_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kvpkcli7rlgvitxvdnfze","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio calculation. Starting balance in USD is 253. Withdrawal in USD is 195. Fee ratio is 0.25. Fee equals withdrawal times the ratio. Total outflow equals withdrawal plus fee. Ending balance equals starting balance minus total outflow and may be negative. Round only the final ending balance half up to two decimals. Report fee and total outflow.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact withdrawal fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"withdrawal_fee_usd"},{"description":"Report exact total outflow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_outflow_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"days"},"case_id":"t1_kvv7fhuggylozwooqkhye","dataset_version":"task1-v4","question":"Opening inventory is 19144 USD, purchases are 34660 USD, and closing inventory is 20495 USD. Assume no other cost-of-goods-sold adjustments, use average inventory = (opening + closing) / 2, and use a 365-day year. Compute inventory turnover days = 365 / (COGS / average inventory).\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `days` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Cost of goods sold from opening inventory plus purchases less closing inventory.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Exact average of opening and closing inventory.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Exact inventory turnover rate.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"times_per_year"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kw5bnndzgl2xxsoxjznku","dataset_version":"task1-v4","question":"Under the simplified scenario rules, gross income is 102540 and the tax rate is 0.25. The standard method permits a deduction of 10149 and a credit of 2033. The itemized method permits a deduction of 20380 and a credit of 1007.59, but it may be used only when true is true. Compute both nonnegative net liabilities and use the itemized method only when eligible and strictly lower; otherwise use the standard method. What tax liability is payable?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report taxable income under the standard method","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"standard_taxable_checkpoint"},{"description":"Report taxable income under the itemized method","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"itemized_taxable_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_kwndgdl4thj4cxhl2arne","dataset_version":"task1-v4","question":"A financial institution can spend at most 5 on all remediation. Capital remediation already requires 2, liquidity remediation requires 0, and any exposure above 4 incurs a charge at ratio 0.4 of the excess. Assuming the remediation budget exceeds the two fixed remediation costs, compute the maximum total exposure that keeps aggregate remediation spending within budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the budget available for the exposure charge","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"charge_budget_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_ky5c4u5n3hymcve6y2tsy","dataset_version":"task1-v4","question":"A call option has spot price USD 147 per share and strike price USD 97 per share. Compute intrinsic value per share = max(spot - strike, 0) using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed spot-minus-strike amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"moneyness_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_l374b7xozypdpoaxwskuw","dataset_version":"task1-v4","question":"An investor pays 10376 USD at time 0 for a one-year 10000 USD par bond. Its 2 percent nominal annual coupon is paid in two equal semiannual coupons. The first coupon is received after six months and immediately reinvested for the remaining six months at a simple annual rate of 6 percent. At maturity the investor receives the 10000 USD par value, the second semiannual coupon, and the accumulated first coupon. There are no other cash flows. Compute the one-year effective terminal-value IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Amount of each semiannual coupon.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"semiannual_coupon_trace"},{"description":"Maturity value of the first coupon.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"reinvested_first_coupon_trace"},{"description":"Total maturity cash including both coupons and par.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"terminal_cash_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_l3cycfsy4565nn7rj62rs","dataset_version":"task1-v4","question":"Revenue is 1110564 USD and current net income is 84318 USD. The target net profit margin is 15 percent, with revenue held constant. Compute the minimum additional net income needed to reach the target, floored at zero.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current net margin as a percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"trace_1"},{"description":"Net income required at the target margin.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_l5rhjncwf5g7cscvc3ucg","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual operating cost bases are 179 and 187 USD million, and redundant operations are expected to reduce their combined cost by 17 percent. Add the cost bases, convert the percentage to a ratio, and multiply to obtain annual cost savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual operating cost base.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_l6bhaj6za4rgajqjfuhjw","dataset_version":"task1-v4","question":"For one reporting period, a company has positive earnings before tax of 10208 USD after deducting all modeled interest expense. Tranche A debt is 39076 USD at rate 0.1, and tranche B debt is 30429 USD at rate 0.2. All amounts and rates use the same period. Under a simplified fixed-interest model with no other non-operating items, preferred dividends, or tax adjustments, reconstruct EBIT by adding both interest expenses back to earnings before tax. Then compute degree of financial leverage as EBIT divided by earnings before tax. Use exact arithmetic, independently round the two checkpoints and final to four decimals with half-up rounding, and never feed displayed checkpoints into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact-period interest expense from tranche A.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"tranche_a_interest_checkpoint"},{"description":"Report the exact-period interest expense from tranche B.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"tranche_b_interest_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_l6bjefmchedrtmsnlvzvk","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local securities policy. Ownership percent is 0. Disclosure threshold percent is 0.5. Compute signed margin as ownership minus threshold. Disclosure is required exactly when ownership is at least the threshold, including equality. Report margin and final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed ownership margin.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"ownership_margin_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_l74bnvknl72wem6wnkff6","dataset_version":"task1-v4","question":"Use exact arithmetic. Revenue is 178 USD million, the comparable revenue multiple is 3.27 times, and net debt is 19 USD million. Enterprise value equals revenue times the multiple. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Enterprise value implied by the revenue multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"allowed_values":["Routine monitoring","Enhanced review","Suspend and refresh records","Restrict and investigate"],"type":"enum"},"case_id":"t1_lakn3256kl3xw7t7gg6wa","dataset_version":"task1-v4","question":"Apply the following fictional scenario-local review policy, not current law or regulatory guidance. A customer's prior risk score is 4, current risk score is 7.845, material-migration threshold is 3, and elevated-current-risk threshold is 8. The current review also reports suspicious activity false and stale documentation false. Compute signed score migration as current risk score minus prior risk score. Use Enhanced review when that signed migration reaches the positive material-migration threshold or current risk reaches the elevated-current-risk threshold; otherwise use Routine monitoring. Stale documentation overrides that result with Suspend and refresh records, while suspicious activity has highest precedence and produces Restrict and investigate. Return exactly one of these four labels: Routine monitoring, Enhanced review, Suspend and refresh records, or Restrict and investigate.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Routine monitoring`, `Enhanced review`, `Suspend and refresh records`, `Restrict and investigate`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the signed current risk score minus prior risk score.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"risk_migration_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_lbb7gfr5qxrt44mmf64j2","dataset_version":"task1-v4","question":"An account must reach 1465 USD after 7 whole annual compounding periods at annual rate ratio 0.2. A later contribution of 514 USD is deposited at a compounding boundary from which exactly 8 whole periods remain, and it earns the same rate. Using exact compounding, what initial principal is required at the start? Report USD to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the compound growth factor applied to the later contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"later_contribution_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_lc36bfzgblxjkn37gha2w","dataset_version":"task1-v4","question":"A company is comparing the order of two actions across two equal-length operating periods. 106739 is the net total-asset base that remains after a true reduction of 55258, and 29190 is the modernization program's net capitalized addition to total assets. Modernization raises run-rate net sales by 0.5, while the reduction lowers run-rate net sales by 0.2; each effect begins at its action date, persists, and the two sales effects compound. In the capex-first order, period-one assets equal the pre-action base plus the addition and period-two assets equal the retained base plus the addition. In the reduction-first order, period-one assets equal the retained base and period-two assets equal the same final retained-plus-addition base. For each order, compute the arithmetic mean of the two period run-rate sales amounts divided by the arithmetic mean of the two period asset bases, equivalently their sums divided by their sums, and normalize this turnover by the common pre-action turnover. What is the reduction-first normalized factor minus the capex-first normalized factor, expressed as a percentage of baseline turnover?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the common period-two sales factor after both actions.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"combined_sales_effect_checkpoint"},{"description":"Report the common period-two total-asset base after both actions.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"shared_second_period_asset_base_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_lc5ov6fbqdjajc4kzosr2","dataset_version":"task1-v4","question":"A company has market-value common equity E of 20.75 USD million and market-value interest-bearing debt D of 60.21 USD million. Its annual nominal cost of equity ke is 7.3 percent, its annual nominal pretax cost of debt kd is 7.92 percent, and its corporate tax rate T is 23.86 percent. Let V=E+D, wE=E/V, wD=D/V, and WACC=wE*ke+wD*kd*(1-T/100). Apply the tax shield only to debt. Use exact arithmetic from the disclosed inputs and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact total market-value capital.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"total_capital"},{"description":"Exact common-equity capital weight.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"equity_weight"},{"description":"Exact annual after-tax debt cost percentage.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"after_tax_debt_cost_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_lcn765omuuqmcxauskpds","dataset_version":"task1-v4","question":"Apply the following fictional scenario-local KYC control-credit policy, not current law or regulatory guidance. A customer has source-of-funds risk score 3.895, jurisdiction risk score 6.942, existing verified-control credit 1.27, and standard residual-risk ceiling 3.2. All four values use the same additive risk-point scale. Existing and additional verified-control credit each reduce residual risk one-for-one, and additional credit cannot be negative. What is the minimum additional verified-control credit required so that the source-of-funds score plus the jurisdiction score, less existing and additional credit, is no greater than the residual-risk ceiling? Report the required credit in dimensionless risk-score points.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined source-of-funds and jurisdiction risk score.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"combined_risk_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ldlujhvuffbc2mn5oowuc","dataset_version":"task1-v4","question":"Opening cash is 39924 USD. Net operating cash flow is 58009 USD, net investing cash flow is 7618 USD, and net financing cash flow is -2160 USD. Each net flow is signed: positive means inflow and negative means outflow. Compute closing cash.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["low_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_leckyrn6atcin6xk4wies","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local rating policy, not current law or external country data. The supplied residency risk points are 6. The account type is savings. The expected monthly transaction volume in whole USD is 24413. Account points are savings=1, business=3, and offshore=4. Volume points are 1 for volume at most USD 10000, 2 for volume above USD 10000 and at most USD 25000, 3 for volume above USD 25000 and at most USD 50000, and 4 for volume above USD 50000. Add a one-point escalation bonus exactly when account type is offshore and volume is above USD 25000; otherwise add zero. Add residency points, account points, volume points, and the escalation bonus exactly. Return low_risk for a total at most 5, medium_risk for a total from 6 through 8 inclusive, and high_risk for a total of at least 9. Report volume points, escalation bonus, and total points before the final label.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `low_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the points from the exact volume band.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"volume_risk_points"},{"description":"Report the offshore high-volume escalation bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"escalation_bonus"},{"description":"Report the complete risk-point total.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"total_risk_points"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_liaqrna4lwuz77sjeb3hm","dataset_version":"task1-v4","question":"A fictional yield farm uses simple linear time scaling with no compounding. The initial investment is 1008 USD, the annualized return is 2 percent, and the holding period is 13 months. Convert the annual percentage to a ratio, divide the months by 12, and multiply the investment by both values. What is the holding-period return in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted annual return ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"annual_roi_ratio_trace"},{"description":"Holding period divided by twelve months.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"holding_fraction_trace"}]}}
{"answer_spec":{"allowed_values":["low_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_liodshjebymwg2t2pcyis","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local source-of-funds policy, not current law or external country data. The supplied source risk score is 7. The supplied jurisdiction risk score is 2. The deposit amount in whole USD is 101670. The supplied evidence traceability is low. Add the two scores exactly. The high_value_low_traceability route applies exactly when the amount is at least USD 100000 and traceability is low. Return high_risk when the total score is at least 12 or that combination route applies; otherwise return medium_risk when the total is at least 8; otherwise return low_risk. Report the total score and combination route before the final label.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `low_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report source score plus jurisdiction score.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"total_risk_score"},{"description":"Report the named amount-and-traceability route.","position":2,"result_spec":{"allowed_values":["standard_amount_route","high_value_low_traceability_route"],"type":"enum"},"slot_id":"amount_traceability_route"}]}}
{"answer_spec":{"allowed_values":["Route A","Route B","No trade"],"type":"enum"},"case_id":"t1_lkprbqhk355tyk3o3bxpw","dataset_version":"task1-v4","question":"Starting with USD capital 99, compare two closed FX routes. Route A follows USD to X to Y to USD: 0.5 is X per USD, 0.5 is Y per X, and 1.6 is USD per Y. Route B follows USD to Z to USD: 0.5 is Z per USD and 1.612480005 is USD per Z. After each closed route, apply its single aggregate proportional fee 0.1 or 0.1 once to final USD proceeds, then subtract fixed USD cost 13 or 21. A route qualifies only if its exact terminal value meets return hurdle 0.08 on starting capital. Select the qualifying route with the higher exact terminal value, select Route A when both qualify and tie exactly, or return No trade when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Route A`, `Route B`, `No trade`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Route A's three-leg gross multiplier rounded half up to eight decimals","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"a_gross_multiplier_checkpoint"},{"description":"Report Route B's two-leg gross multiplier rounded half up to eight decimals","position":2,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"b_gross_multiplier_checkpoint"}]}}
{"answer_spec":{"allowed_values":["timely_disclosure","late_disclosure","immediate_escalation"],"type":"enum"},"case_id":"t1_lku7hwsrpohwvwcm5hehg","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local disclosure policy. Event day offset is 22. Disclosure day offset is 31. Allowed delay in whole days is 11. Leak flag is true. Delay equals disclosure day minus event day. A disclosure is late only when delay is strictly greater than the allowance; equality is timely. Return immediate_escalation when leak flag is true, otherwise late_disclosure when late, otherwise timely_disclosure. Leak precedence is absolute. Report delay and late condition.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `timely_disclosure`, `late_disclosure`, `immediate_escalation`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed disclosure delay.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"days"},"slot_id":"disclosure_delay_days"},{"description":"Report late condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"late_condition"}]}}
{"answer_spec":{"allowed_values":["structure_a","structure_b","no_feasible_structure"],"type":"enum"},"case_id":"t1_lnix4q2iiyujmv6gaa5va","dataset_version":"task1-v4","question":"An issuer compares green-bond structure A and structure B for the same principal 98260. Structure A has annual yield ratio 0.049145003, term 8, issuance cost 2706.5493799539992, and eligible-proceeds share 0.8. Structure B has annual yield ratio 0.02, term 6, issuance cost 1886, and eligible-proceeds share 0.8. For each structure, compound the principal over its term, subtract principal to obtain interest cost, and add issuance cost to obtain total financing cost. A structure is feasible only if total financing cost does not exceed 14573 and its eligible share reaches 0.6. Choose the lower-cost feasible structure, prefer structure_a on a cost tie, choose the sole feasible structure, or return no_feasible_structure when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `structure_a`, `structure_b`, `no_feasible_structure`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-period gross compound factor for structure A","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"structure_a_annual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_lnq4y57q7zwsolpwu6fke","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 5909548 USD, annual preferred dividends are 98107 USD, beginning common shares are 756939, new common shares issued are 110649, and the new shares were outstanding for 10 months. The disclosed inputs make preferred dividends no greater than net income and give an integer month count from 1 through 12. Earnings available to common equal net income minus preferred dividends. Weighted-average shares equal beginning shares plus new shares times months outstanding divided by 12. Divide common earnings by exact weighted-average shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Earnings remaining for common shareholders.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Exact weighted-average common shares.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["within_appetite","reduce_exposure","liquidity_block"],"type":"enum"},"case_id":"t1_lpednxja6o52zdp65cq3u","dataset_version":"task1-v4","question":"A firm has capital 101, base risk-appetite ratio 2/3, a downturn haircut 0.5, and a volatility uplift 0. Its liquid assets are 6, of which 11 must remain uncommitted, and it proposes exposure 0. Reduce the base appetite by the downturn haircut, divide it by one plus the volatility uplift, and apply the result to capital. Define available excess liquidity as max(liquid assets, the reserve) minus the reserve, which floors this numeric limit at zero without treating a reserve shortfall as covered. The binding exposure limit is the smaller of that stressed risk budget and available excess liquidity. Return liquidity_block if the original liquid assets do not cover the reserve, otherwise return within_appetite when proposed exposure is within the binding limit and reduce_exposure when it is not.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `within_appetite`, `reduce_exposure`, `liquidity_block`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the appetite ratio after both stress adjustments","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"stressed_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_lptn7cq2wvkk22nlvwbpe","dataset_version":"task1-v4","question":"A company has market-value common equity E of 112 USD million, senior debt Ds of 56 USD million with annual nominal pretax cost ks of 4 percent, and subordinated debt Du of 36 USD million with annual nominal pretax cost ku of 8 percent. Its annual nominal common-equity cost ke is 10 percent and its corporate tax rate T is 28.75 percent. The subordinated debt cost is not below the senior debt cost, and both tranches receive the same interest tax shield. Let D=Ds+Du, kd=(Ds*ks+Du*ku)/D, V=E+D, wE=E/V, wD=D/V, and WACC=wE*ke+wD*kd*(1-T/100). Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact total market value of debt.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"total_debt"},{"description":"Exact value-weighted pretax debt cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_debt_cost_percent"},{"description":"Exact combined-debt capital weight.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"debt_weight"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_lqnaa7ofbadwbkqo6xrz2","dataset_version":"task1-v4","question":"A fictional liquidity pool generated 972 USD. Its local policy first withholds 99 percent of fees, then pays a provider 102 percent of the remaining distributable fees. Convert both percentages to ratios. Distributable fees equal total fees times one minus the reserve ratio, and the reward equals distributable fees times the provider-share ratio. What is the provider reward in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fee fraction remaining after reserve.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"distributable_ratio_trace"},{"description":"Fees available for distribution.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"distributable_fees_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_lrwnshbgc6pfjhykmwdiw","dataset_version":"task1-v4","question":"Use exact arithmetic. Original debt is 582 USD million, original equity is 836 USD million, new bond principal is 162 USD million, scheduled debt repayment is 134 USD million, and buyback cash is 107 USD million. Disclosed inputs always satisfy repayment less than original debt plus new bond and buyback less than original equity. Adjusted debt equals original debt plus new bond minus repayment. Adjusted equity equals original equity minus buyback. Divide adjusted debt by adjusted equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Debt after issuing the new bond.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Debt after the scheduled repayment.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_lsacml2kjliqejs5ozvpm","dataset_version":"task1-v4","question":"A company plans two sequential reporting periods. Its unknown opening cash is carried through both periods. Period one has cash inflow 111.88359 and cash outflow 39. Period two then has cash inflow 21 and cash outflow 61. Each period-end cash balance must be at least 295. Assume every stated flow occurs before its period end, only period-end balances are tested, and there are no other cash flows, interest, or intraperiod liquidity requirements. What is the minimum opening cash that satisfies both period-end floors? All cash amounts are in USD millions; use exact arithmetic and round only the final answer to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report period-one net cash flow as a fraction of the required cash floor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_one_net_to_floor_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_lsczsawkbydecnbmneapc","dataset_version":"task1-v4","question":"An investment account begins a measurement period at value 101. Immediately before a contribution of 24 is added after 0.6 of the period has elapsed, the account value is 126. At period end, the post-distribution account value is 162 and a terminal cash distribution of 21 is paid at that same time; the ending value excludes that distribution. There are no other external cash flows or valuation changes at the contribution instant. Compute the exact chain-linked time-weighted return from the pre-contribution and post-contribution subperiods. Independently compute the standard Modified Dietz return using the contribution's remaining-period weight. What is time-weighted return minus Modified Dietz return in signed percentage points?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact-return checkpoint for the pre-contribution subperiod.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_one_return_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_lsqvam6dzv4km3glxrk4g","dataset_version":"task1-v4","question":"A fictional monitoring policy observes a transfer of 1149 USD and uses a local whale threshold of 1124 USD. Subtract the threshold from the transfer, then take the larger of that difference and zero. What is the nonnegative excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed excess before applying the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_lt5fwznd5q2dwyl4zxevu","dataset_version":"task1-v4","question":"Under the simplified tax rules stated for this scenario, a taxpayer's total tax budget is 990, of which 195.6203 is already committed. Additional taxable income is charged at 0.8, and only 0.6 of additional gross income enters the taxable base. Compute the exact maximum additional gross-income threshold that stays within the tax budget. Test the budget using the unrounded exact threshold, then report that threshold in USD rounded half up to two decimal places; the displayed amount is a reporting approximation of the exact maximum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of the total tax budget already committed","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"committed_tax_budget_share_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"real_percent"},"case_id":"t1_lto2yi2h3u3m4z2gswms4","dataset_version":"task1-v4","question":"A company has market-value common equity E of 116 USD million, debt A value DA of 38 USD million, and debt B value DB of 17 USD million. Its common-equity beta is 0.9. The expected annual nominal market return rn is 11 percent and expected annual inflation pi is 1.5 percent. The supplied annual real risk-free rate rf is 4 percent, the annual real pretax debt costs are ka=3.5 percent and kb=7 percent, and the corporate tax rate T is 30 percent. The exact real market return exceeds rf, kb is not below ka, and both debts share one tax shield. Let rm=100*((1+rn/100)/(1+pi/100)-1), ke=rf+beta*(rm-rf), D=DA+DB, kd=(DA*ka+DB*kb)/D, V=E+D, wE=E/V, wD=D/V, and real WACC=wE*ke+wD*kd*(1-T/100). Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `real_percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact Fisher-adjusted real market return percentage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"real_percent"},"slot_id":"real_market_return_percent"},{"description":"Exact real CAPM common-equity cost percentage.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"real_percent"},"slot_id":"capm_real_equity_cost_percent"},{"description":"Exact value-weighted real pretax debt cost.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"real_percent"},"slot_id":"weighted_real_debt_cost_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_ltrhf4pgt6ap7imaevkzu","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local inflation calculation. Current annual spending in USD per year is 244. Inflation ratio per period is 0.2. Positive integer period count is 4. Add one to the ratio, raise the factor to period count, multiply by annual spending, and round only the final adjusted spending half up to two decimals. Report the period factor and compounded multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report one-period inflation factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"inflation_factor"},{"description":"Report compounded inflation multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"inflation_multiple"}]}}
{"answer_spec":{"allowed_values":["full_remediation","capital_priority","liquidity_priority","no_feasible_plan"],"type":"enum"},"case_id":"t1_luajnrpwlqwelqi3lxlxg","dataset_version":"task1-v4","question":"Under this scenario-local compliance policy, an institution has current capital 1.016201 against required capital 1, and liquid assets 71 against required liquidity 101. Closing one dollar of capital gap costs ratio 2, closing one dollar of liquidity gap costs ratio 0.25, every submitted plan also costs 0, and the total budget is 15. Requirements exceed current resources. Return exactly `full_remediation`, `capital_priority`, `liquidity_priority`, or `no_feasible_plan`. Use `full_remediation` when both gaps plus filing are affordable. Otherwise prescribe the single-gap plan for the larger gap, using `capital_priority` on an exact gap tie and `liquidity_priority` when the liquidity gap is larger; return the prescribed token only if that plan is affordable, and return `no_feasible_plan` otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `full_remediation`, `capital_priority`, `liquidity_priority`, `no_feasible_plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of required capital already covered","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"capital_coverage_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_lw7njmfuwivrrentlzlhc","dataset_version":"task1-v4","question":"A borrower starts with an outstanding principal of 1177. Two equal-length periods use the same effective rate of 0.04, with interest applied before each end-of-period payment. The borrower pays 123 at the end of the first period. What exact second-period payment, made at the end of the second period, leaves a balance of 1031.64 immediately after that payment? Define the target equality using the unrounded exact payment, then report the payment in USD rounded half up to two decimal places; the displayed amount is a reporting approximation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the balance remaining after the first-period payment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"first_payment_balance_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_lwc4doear3bns5ay5iowg","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local offer policy, not any real exemption. Annual income in USD is 69437. Net worth in USD is 12220. Proposed investment in USD is 6968. The scenario limit is exactly 10 percent of the larger of income and net worth. The proposal is allowed when it is at most that limit, including equality. Report the selected financial base and limit before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report selected financial base.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"financial_base_usd"},{"description":"Report exact investment limit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"investment_limit_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_lxjuu64bf6yciq7zfxt2u","dataset_version":"task1-v4","question":"A fictional cross-border settlement starts from a notional amount of 1015 USD under a local accounting convention. The disclosed conversion multiple is 2.6, the platform spread is 1 percent, and the fixed processing fee is 0 USD. Convert spread to a ratio. The platform multiple equals conversion multiple times one minus spread ratio. Settlement before fee equals source notional times that platform multiple. Subtract the fixed fee. What net settlement amount is reported in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Conversion multiple after spread.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"platform_multiple_trace"},{"description":"Settlement before fixed fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"before_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_lzadi3yx7gn4qrrmfsvm2","dataset_version":"task1-v4","question":"A fictional DeFi pool applies a stated annual yield to a stake for one full year. The stake is 1010 USD and the annual yield is 100.5 percent. Convert the percentage to a ratio and multiply it by the stake. What is the annual reward in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted annual yield ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"yield_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_lzpm5zmjo54pg4de6bv6e","dataset_version":"task1-v4","question":"Under a fictional internal compliance-planning scenario, not a statement of current law, an actual penalty calculation, an accounting provision, or a market-concentration test, a crypto firm models exactly three nonoverlapping activity categories that exhaust the measured scenario-exposure pool for one reporting period and currency basis. Category 1 has covered volume 197 USD and decimal assessment ratio 0.5; Category 2 has 116 USD and 0.5; Category 3 has 79 USD and 0.5. For each category define modeled exposure P_i as volume times assessment ratio, define s_i as P_i divided by the total of the three exposures, and define H as the sum of the three squared shares. Report 100H as a percentage. With three positive categories, this percentage-scaled HHI-style score is at least 33 1/3 percent and approaches but does not reach 100 percent. It measures only concentration within the stated modeled exposure pool; it is not a 0-to-10,000 HHI, a violation probability, or a legal risk score. Use exact arithmetic and round only the final percentage to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the first category modeled exposure before normalization.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"category_1_exposure_checkpoint"},{"description":"Report the second category modeled exposure before normalization.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"category_2_exposure_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_m242nydcz54vx3neu7d5o","dataset_version":"task1-v4","question":"A fictional cross-chain transfer begins at 975.5 USD. The bridge charges 2 percent and then credits a fixed local bonus of 1 USD. Convert the fee to a ratio, multiply initial value by one minus that ratio, then add the bonus. What net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after the bridge fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retained_ratio_trace"},{"description":"Transfer value after the fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"after_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_m2kd52mli3g2n53dfs2mw","dataset_version":"task1-v4","question":"A call option has spot price USD 152 per share and strike price USD 101 per share. Compute intrinsic value per share = max(spot - strike, 0) using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed spot-minus-strike amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"moneyness_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_m2kg67flms5gf5rexukq6","dataset_version":"task1-v4","question":"A fictional merchant processes a sale of 981.5 USD and pays a merchant discount fee of 1 percent. Convert the percentage to a ratio, multiply sale amount by one minus that ratio, and report the result. What net amount does the merchant receive in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after processing fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"merchant_keep_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_m2qtxyjlxkikcs33lmvs4","dataset_version":"task1-v4","question":"Apply the fictional enforcement scenario stated here, not current law or regulatory guidance. The maximum total remedy is 132.055 USD, of which 29 USD is fixed interest. A gain-based penalty equals realized gain 102 USD multiplied by 3, while the alternative statutory floor is 153 USD. The pre-credit penalty base is the greater of those two amounts. A cooperation credit ratio c reduces that base to (1 - c) times the pre-credit amount. What cooperation credit percentage makes the credited penalty plus fixed interest equal the maximum total remedy? Report the cap amount available for penalty independently in USD using half-up rounding to two decimal places, and report the cooperation credit percentage using independent half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the cap amount available for penalty.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"penalty_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_m2qye2lyxzvftxi7nrfda","dataset_version":"task1-v4","question":"Apply the fictional scenario-local remediation policy stated here, not current law or regulatory guidance. Begin with base assessment 19 USD. A reporting delay of 7 days incurs 2 USD per day. Treat 0.27 as the fractional credit applied to the combined assessment and delay charge, so the retained fraction is one minus that rate. Then add mandatory monitoring cost 5.625 USD outside the credit base. Report the retained-fraction checkpoint independently to six decimal places and the total remediation budget in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the fraction of the combined assessment retained after self-reporting credit.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"post_credit_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_m3u7nbdybeq7cgwmlzwsk","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Baseline budget in USD is 2520. Cut ratio is 0.8. Recovery amount in USD is 245. Cut amount equals baseline times cut ratio. Post-cut budget equals baseline minus cut amount. Reforecast equals post-cut budget plus recovery. Round only the final reforecast half up to two decimals. Report cut amount and exact reforecast.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact cut amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"cut_amount_usd"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"case_id":"t1_m4emo2exdctrlb4wogzki","dataset_version":"task1-v4","question":"A buyer has a hard budget of 4654 USD, an integer from 1000 through 5000 inclusive. Each indivisible carbon credit costs 20.2 USD, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. This task guarantees that the budget is exactly divisible by the unit price. The buyer may purchase only whole credits and may not exceed the budget. Compute the maximum whole number of credits as N = floor(I/P). Because the guaranteed quotient is an integer, floor(I/P) = I/P. Use exact arithmetic and do not round.\n\nAnswer format: return only the exact numeric value interpreted in `credits`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mao4yxoysp7gaslh73z36","dataset_version":"task1-v4","question":"A fictional transfer of 988 USD sends 101 percent to Network 1 and the remainder to Network 2. Network 1 deducts 102 percent. Network 2 first deducts 2 USD, then applies a 98 percent bonus to its remainder. Convert percentages to ratios. Split the transfer; compute Network 1 net as its part times one minus its fee ratio; compute Network 2 net as its part minus the fixed fee, then times one plus its bonus ratio; sum both nets. What total net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net received from Network 1.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"network_one_net_trace"},{"description":"Network 2 amount after fixed fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"network_two_after_fixed_trace"},{"description":"Net received from Network 2.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"network_two_net_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mdc5r44qyga7hggk5ndha","dataset_version":"task1-v4","question":"A firm must support a high-risk allocation of 97.043. Before applying its risk-appetite ratio 0.9, it increases the allocation target by diversification buffer ratio 0.2. It also keeps 0.012 outside the allocable capital pool. Compute the minimum total capital required to fund the buffered high-risk allocation and the reserve.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the buffered high-risk allocation target","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"buffered_target_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_me635wbljji2n27efwft6","dataset_version":"task1-v4","question":"Two companies jointly purchase carbon credits. Company 1 must offset 129 metric tons of CO2e and company 2 must offset 169 metric tons of CO2e; each amount is an integer from 50 through 300 inclusive. One credit offsets exactly one metric ton, and each credit costs 14.5 USD, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. A 7.5 percent discount, an exact decimal from 5.00 through 10.00 inclusive with at most two decimal places, applies to the entire exact gross cost only when the combined credit quantity is strictly greater than 296, an integer from 200 through 400 inclusive. Equality does not qualify. Compute the combined net cost with exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact combined quantity used by the strict threshold comparison.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"total_credits_trace"},{"description":"Exact gross combined cost before conditional selection.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_cost_trace"},{"description":"Exact discounted candidate cost; no trace rounding feeds the final selection.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"discounted_cost_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_mescj33jdbl3ndmzw7aes","dataset_version":"task1-v4","question":"USD 5525 earns an annual compound return of 11 percent for 9 years. Compute ending value = P(1+r/100)^n, profit = ending value - P, and ROI = profit/P x 100 percent. This is total holding-period ROI, not annualized ROI. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound growth multiplier.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"growth_multiplier_trace"},{"description":"Investment ending value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_value_trace"},{"description":"Compound investment profit.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"investment_profit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_mf47ihojh53ssuyo3rydm","dataset_version":"task1-v4","question":"A sustainability report gives annual energy expenditure of 87280 USD, a whole-dollar amount from 50000 through 100000 inclusive, and states that efficiency measures reduced it by 13.46 percent, an exact decimal from 5.00 through 15.00 inclusive with at most two decimal places. Apply the percentage once to the full annual expenditure. Compute annual energy-cost savings as the expenditure times the reduction ratio, using exact arithmetic and rounding only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact energy-cost reduction ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"reduction_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_mfup4g5a4fry4njvf7uia","dataset_version":"task1-v4","question":"Two post-merger initiatives are evaluated over the same first-year horizon. The cost-synergy initiative succeeds with marginal probability 0.51 and contributes 20.4441 USD millions whenever it succeeds. The revenue-synergy initiative succeeds with marginal probability 0.4 and contributes 14 USD millions whenever it succeeds. Assume the two initiative outcomes are independent. If both succeed, they also create incremental joint benefit 21 USD millions beyond the two standalone benefits. Compute the percentage of total expected gross integration benefit attributable specifically to that incremental joint benefit. Carry exact probabilities and amounts through the calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the expected standalone benefit from the cost-synergy initiative","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"expected_cost_benefit_checkpoint"},{"description":"Compute the expected standalone benefit from the revenue-synergy initiative","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"expected_revenue_benefit_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mgbg2swurjthz3fni75w4","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local refinancing calculation. Projected old-loan interest in USD is 254. Projected new-loan interest in USD is 98. Refinancing fee in USD is 51. Gross savings equals old interest minus new interest. Net benefit equals gross savings minus the fee and may be negative. Round only the final net benefit half up to two decimals. Report gross savings and exact net benefit.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report gross interest savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_interest_savings_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_mjjj6cccvygrbvyoq6ry6","dataset_version":"task1-v4","question":"Use exact arithmetic. Total debt is 442 USD million, equity before the buyback is 605 USD million, and buyback cash is 86 USD million. The disclosed inputs always satisfy buyback less than equity. Subtract buyback cash from equity, leave debt unchanged, and divide debt by adjusted equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Equity remaining after the cash buyback.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mkcha7oobybk5gvcnt5hi","dataset_version":"task1-v4","question":"A fictional local compliance rule imposes a penalty on transaction volume. The covered volume is 992.5 USD and the penalty rate is 2 percent. Convert the percentage to a ratio and multiply it by the volume. What is the penalty amount in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted penalty ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"penalty_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_mllejjnvctl5gnna2sqmq","dataset_version":"task1-v4","question":"Under a fictional internal monitoring scenario, not a statement of current law or actual control effectiveness, a primary review detects exact decimal ratio 0.6 of one fixed eligible transaction population during one reporting period. A backup review is applied only to transactions missed by the primary review and detects an unknown conditional ratio of that missed set, so detections from the two stages do not overlap. The target unique combined detection ratio is 0.57325, with the primary ratio strictly below the target. What minimum conditional detection ratio must the backup review achieve so unique combined detection reaches the target? Do not assume independent detectors or apply inclusion-exclusion. Report the required backup ratio as a percentage, using exact arithmetic and rounding only the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the complement ratio remaining after primary review.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"primary_miss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mm2yb6atk6r7wmalqwpdi","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance policy. Base fine in USD is 2. Delay in whole days is 104. Daily penalty in USD per day is 0. Multiply delay by daily penalty, add base fine, and round only the final total half up to two decimals. Report delay penalty and exact unrounded total.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact delay penalty.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"delay_penalty_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mndv45qmrgi26tnu4eepg","dataset_version":"task1-v4","question":"An annually compounded account will total USD 15215 after 3 years at an annual rate of 8 percent. Infer P = A/(1 + r/100)^n, then compute interest A - P. Use exact arithmetic and round only the final interest.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual compound multiplier.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"growth_multiplier_trace"},{"description":"Implied starting principal.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"implied_principal_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_mprwrnxfmp4shwf5yl2cw","dataset_version":"task1-v4","question":"Use exact arithmetic. Overlapping annual revenue at Company A is 628 USD million, overlapping annual revenue at Company B is 621 USD million, cross-selling uplift is 15 percent of combined overlap, and cannibalization loss is 5 percent of that same combined overlap. Gross synergy equals combined overlap times the synergy-rate ratio. Cannibalization loss equals combined overlap times the cannibalization-rate ratio. Net additional annual revenue equals gross synergy minus cannibalization loss.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined overlapping annual revenue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Gross annual cross-selling revenue.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_muqhwzmnnpv3hkeiumo4g","dataset_version":"task1-v4","question":"A fictional DeFi portfolio is valued at 11503 USD. The staking allocation is 41 percent, its disclosed yield boost is 9 percent, and the signed whole-portfolio swap-fee effect is -5 percent, where a negative value is a loss. Convert all percentages to ratios. Staking impact equals portfolio value times staking share times yield boost; fee impact equals portfolio value times the signed fee-effect ratio; net impact is their sum. What is the net impact in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Staking contribution to net impact.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"staking_impact_trace"},{"description":"Signed fee contribution to net impact.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"fee_impact_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mvfjibji5taooxjqkbwmg","dataset_version":"task1-v4","question":"A borrower compares the current loan with a refinance over the same next two equal-length periods. Both paths start from outstanding principal of 1028.503. The current loan uses an effective rate of 0.05 and a payment of 99 at each period end. The refinance capitalizes a fee of 2 into its opening balance, then uses an effective rate of 0.03 and a payment of 81 at each period end. Interest accrues before each payment. What is the signed second-period ending-balance difference, current loan minus refinance?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-loan balance after its first payment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"current_first_payment_balance_checkpoint"},{"description":"Report the refinance balance after its first payment","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"refinance_first_payment_balance_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mvzoijoagi2jrvzqwaqy6","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Current budget in USD is 989. New project cost in USD is 0.02. Contingency ratio is 0.5. Contingency equals project cost times the ratio. Project requirement equals project cost plus contingency. Adjusted budget equals current budget plus project requirement. Round only the final amount half up to two decimals. Report contingency and project requirement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report contingency amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"contingency_usd"},{"description":"Report project requirement.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"project_requirement_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_mx6zg3snaxnasiorw35ak","dataset_version":"task1-v4","question":"A company has 45.3512 USD of quick assets excluding inventory and 99 USD of current liabilities. Its required post-transaction quick ratio is one plus positive uplift ratio 0.25. It can sell sufficient inventory at net recovery rate 0.8 of carrying amount. Fraction 0.4 of the recovered cash remains in quick assets, while the complementary fraction immediately repays current liabilities at par. The recovery rate is net of all modeled sale costs, and there are no other balance changes. What minimum inventory carrying amount must be sold to reach the required quick ratio exactly? Use exact arithmetic, round the independently displayed checkpoint to six decimals, and round the final USD amount to two decimals with half-up rounding; never feed the displayed checkpoint into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the target-weighted liability-repayment contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"liability_relief_weight_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_my24ziaz4qemr4kld6x3e","dataset_version":"task1-v4","question":"All measures refer to the same annual diligence review period. Verified recurring EBITDA before the proposed adjustment is 49. Reported operating cash flow is 38.7225, including a temporary working-capital release of 6 and a one-time tax refund of 1 that the reviewer removes. The internal screen requires normalized operating cash flow divided by EBITDA after the proposed noncash management add-back of 9 to be at least 0.5. Assume the proposed add-back has no operating-cash-flow effect. Solve for the maximum noncash add-back supported by this scenario-local screen, then report the signed headroom relative to the proposed add-back. A positive result means unused screening capacity and a negative result means the proposal exceeds the screen. This is an internal scenario calculation, not validation or approval of the add-back.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Remove the temporary working-capital release from reported operating cash flow","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"cash_flow_after_working_capital_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_myihtr4xfommqvuscs4u6","dataset_version":"task1-v4","question":"A company reports cash of 17695 USD and accounts payable of 8631 USD. Compute cash minus accounts payable. Report a negative amount when payables exceed cash.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_n24v3rmmi5af3yps726ig","dataset_version":"task1-v4","question":"For one measurement year, a project has operating cost 91181 USD, a whole-dollar amount from 50000 through 200000 inclusive, and reduces it by 4 percent, an integer from 5 through 15 inclusive. Project expenses are 324134 USD, a whole-dollar amount from 100000 through 500000 inclusive, and generate a tax credit of 6 percent, an integer from 2 through 10 inclusive. Treat the entire tax credit as recognized in the same measurement year and do not subtract project expenses. Compute the one-year net benefit as operating-cost savings plus the tax credit. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact operating-cost saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"operating_savings_trace"},{"description":"Exact tax credit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"tax_credit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_n27c7u3degdl4zpw2jrwq","dataset_version":"task1-v4","question":"An investor realizes a fully usable eligible loss magnitude of 2245 USD. The applicable current-year tax rate is 0.5, so the immediate tax reduction is available at time 0. The tax-harvest path invests the original 2445 USD principal plus that tax reduction in a permitted replacement exposure. The replacement earns an annual effective total-return rate equal to the intended rate 0.5 minus the additive annual tracking shortfall 0.25. In the no-harvest counterfactual, the same original principal remains in the intended exposure and no tax reduction is received. Both paths compound annually for 8 years with dividends reinvested and no intermediate cash flow. Assume the replacement does not trigger wash-sale disallowance; ignore transaction fees, advisory fees, offset limits, and future basis-tax consequences. Compute the signed terminal wealth advantage of the tax-harvest path over the no-harvest path in USD. A positive result means the invested tax reduction exceeds the cumulative tracking shortfall. Use exact arithmetic and round the final amount half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the immediate current-year tax reduction invested at time zero.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"immediate_tax_reduction_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_n2iwfvxhhxdxlr3nusn6q","dataset_version":"task1-v4","question":"Use exact arithmetic on a 365-day year. Net income is 7005988 USD, preferred shares are 37865, the quarterly preferred dividend is 2.2 USD per share, beginning common shares are 912885, shares repurchased are 54577, and the repurchased shares were absent for 375 inclusive days. Disclosed inputs make net income exceed annual preferred dividends, buyback shares less than beginning shares, and days not outstanding an integer from 1 through 365. Annualize preferred dividends over four quarters. Weighted-average common shares equal beginning shares minus buyback shares times days not outstanding divided by 365. Divide common earnings by exact weighted-average shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual preferred dividends.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Exact weighted-average common shares after the buyback.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_n34tktxojhrx76lyrf7uo","dataset_version":"task1-v4","question":"A fictional global event affects a locally described crypto asset. Its pre-event price is 993 USD and the disclosed drop is 101 percent. Convert the drop to a ratio, subtract it from one, and multiply the result by the initial price. What is the post-event price in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction of price retained after the event.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retention_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_n4r4zqdl2hpctoaysglvs","dataset_version":"task1-v4","question":"Revenue is 779380 USD, cost of goods sold is 484770 USD, and operating expenses excluding cost of goods sold are 130375 USD. Compute operating profit margin = (revenue minus both cost categories) / revenue, expressed as a percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Revenue less cost of goods sold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Operating profit after both cost categories.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_n5ep4xmjej32ryziwluoc","dataset_version":"task1-v4","question":"A portfolio return is 7 percent, the risk-free rate is 1 percent, and portfolio standard deviation is 3 percent. Compute the Sharpe ratio as (R_p - R_f) / sigma_p. Because all three inputs are displayed percentages, divide their displayed values directly and use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Portfolio return minus risk-free return.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"excess_return_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_n5fb7nyrz6dww6prn5shq","dataset_version":"task1-v4","question":"A company compares otherwise identical annualized run-rate states before and after an asset disposal. After the action it retains a net total-asset base of 99, while 98 is the true reduction from the pre-action total-asset base after accounting for any disposal proceeds retained or distributed. Comparable run-rate net sales fall by 0.250025. Relative to pre-action asset turnover, the asset-base reduction alone would create a gross mechanical turnover uplift, while the sales loss creates a turnover drag. What percentage of that gross mechanical uplift is offset by the sales-loss drag?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the comparable total-asset base before the disposal.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"pre_action_asset_base_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_naan5b7gfhsfx6uy43ewm","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local AML policy. The transaction amount in USD is 1. The scenario threshold in USD is 1. Compute signed excess as amount minus threshold. A threshold breach is true exactly when amount is at least the threshold, so equality breaches. Report the signed excess and final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report amount minus threshold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"amount_excess"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_nd22sbezt73u4j7f5fuau","dataset_version":"task1-v4","question":"Under the simplified tax rules stated for this scenario, a taxpayer's total tax budget is 12333, of which 2940 is already committed. Additional taxable income is charged at 0.3, and only 0.3 of additional gross income enters the taxable base. Compute the exact maximum additional gross-income threshold that stays within the tax budget. Test the budget using the unrounded exact threshold, then report that threshold in USD rounded half up to two decimal places; the displayed amount is a reporting approximation of the exact maximum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of the total tax budget already committed","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"committed_tax_budget_share_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_ndigf6oht2mbf6mm7ywpw","dataset_version":"task1-v4","question":"A fictional wallet-monitoring policy observes a transfer of 1172 USD and compares it with a local threshold of 1132 USD. Divide transfer amount by threshold. What is the transfer-to-threshold multiple?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ndxutl2z4hl4ulqsf4pns","dataset_version":"task1-v4","question":"Use exact arithmetic. Current assets are 52941 USD and current liabilities are 24654 USD. The disclosed inputs make current assets no less than current liabilities. Working capital equals current assets minus current liabilities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_nevur2x5cialxazxg7oca","dataset_version":"task1-v4","question":"Start with reporting-currency capital and convert it into base currency at normalized entry quote 1.2, expressed as reporting-currency units per base-currency unit. The entry conversion retains one minus fee ratio 0.09. At exit, convert all retained base currency back into the reporting currency at the normalized exit quote to be solved for and retain one minus fee ratio 0.03. Then deduct a financing charge equal to 0.04 times the initial reporting-currency capital. Determine the exact exit-quote threshold at which the net return equals 0.16. Carry all arithmetic exactly, then report that threshold using half-up rounding to six decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 6 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the return-and-carry gross growth multiple rounded half up to six decimals","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"gross_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_nezgrxnoo2o5hj5rcpu2w","dataset_version":"task1-v4","question":"A one-year bond has face value USD 2561, an annual coupon rate of 4 percent of face value, and an effective annual yield of 8 percent. The coupon and face value are both paid at year end. Compute price = (face value + coupon)/(1 + yield/100) exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Face value plus year-end coupon.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"maturity_cash_flow_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ngicz4mufolyk6gnx4ltg","dataset_version":"task1-v4","question":"A buyer invests 2398 USD, an integer from 1000 through 5000 inclusive, in divisible carbon credits priced at 12.24 USD per credit, an exact decimal from 8.00 through 15.00 inclusive with at most two decimal places. The rebate is 2.4 USD per purchased credit, an exact decimal from 1.00 through 5.00 inclusive with at most two decimal places and strictly less than the unit price. The rebate applies to the entire exact purchased quantity only when that quantity is strictly greater than 196 credits, an integer threshold from 20 through 650 inclusive; equality does not qualify. Compute Q = I/P exactly, then return Q times the rebate rate when Q > T and zero otherwise. Round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact purchased quantity used by the strict comparison; it is not rounded for downstream use.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"credits_purchased_trace"},{"description":"Exact preselection rebate amount; it is not rounded for downstream use.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"eligible_rebate_trace"}]}}
{"answer_spec":{"allowed_values":["program_a","program_b","no_feasible_program"],"type":"enum"},"case_id":"t1_nhdbncyfblksz4yyi66qc","dataset_version":"task1-v4","question":"Compare social-impact program A, with fixed cost 203, aggregate delivery cost per beneficiary-equivalent unit 7, beneficiary-equivalent volume 99, monetized social value per unit 21, and per-opportunity success probability 0.3999997, against program B with corresponding inputs 257, 8, 102, 19.6, and 0.7. For each program, total cost equals fixed cost plus aggregate per-unit delivery cost multiplied by volume. Each program has exactly three independent delivery opportunities sharing its supplied per-opportunity probability. Its stated total cost covers all three opportunities, and its planned social value is realized once, not once per success, if at least one opportunity succeeds. Thus each program's effective delivery probability is one minus the probability that all three opportunities fail. Expected net social value equals planned monetized social value multiplied by that effective probability, minus total cost. A program is feasible only when total cost does not exceed 982 and its volume reaches 78. Choose the feasible program with higher expected net social value, prefer program_a on a tie, choose the sole feasible program, or return no_feasible_program when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `program_a`, `program_b`, `no_feasible_program`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the failure probability for one program A delivery opportunity","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"program_a_failure_probability_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_nhymi7fud64uft5cvhox6","dataset_version":"task1-v4","question":"Annual waste-management cost is 28262 USD, a whole-dollar amount from 20000 through 50000 inclusive. Improved recycling and waste practices reduce that cost by 11.38 percent, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. Apply the percentage once to the full annual cost. Compute annual waste-management savings as cost times the reduction ratio, using exact arithmetic and rounding only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact waste-cost reduction ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"reduction_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ni5burwzpeyb5g3lwe5t2","dataset_version":"task1-v4","question":"All USD amounts are per share. An investor expects gross terminal sale proceeds 89 and holding-period dividend cash 9.73. Selling incurs exit cost 11, while buying incurs entry cost 4 in addition to the quoted purchase price. Complete acquisition outlay is the quote plus entry cost. Simple nonannualized total return is net terminal receipts minus complete acquisition outlay, divided by that outlay. For target ratio 0.5, where 0.20 means 20%, compute the exact binding quoted purchase price at which total return equals the target. Ignore taxes, financing, discounting, and dividend reinvestment. Carry the threshold exactly, then report it using half-up rounding to cents. The displayed amount is a rounded report of the exact threshold, not necessarily the greatest executable whole-cent quote.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report expected terminal receipts after exit cost rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_receipts_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_nizg3b3npil6htmtahlh4","dataset_version":"task1-v4","question":"A long call costs a premium of USD 16 per share, has strike price USD 98, and expires when the underlying is USD 152 per share. Compute payoff = max(expiration spot - strike, 0), net P/L = payoff - premium, and ROI = net P/L / premium x 100 percent. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Expiration call payoff per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"call_payoff_trace"},{"description":"Net profit or loss per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"net_profit_loss_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_nkxfgbkbbvxlrhmyg3av6","dataset_version":"task1-v4","question":"Apply the fictional scenario-local planning rule stated here, not current law or regulatory guidance. A bank has eligible Tier 1 capital 43 and eligible Tier 2 capital 87.0145, risk-weighted assets 983, and total exposure 494, all in USD millions. The scenario supplies minimum capital ratio 0.08, capital buffer ratio 0.0434565, and minimum leverage ratio 0.07 as decimal ratios. One signed Tier 1 adjustment x changes both Tier 1 capital and total eligible capital by x while leaving Tier 2 capital, risk-weighted assets, and exposure fixed. Add the minimum capital ratio and buffer ratio. The capital constraint requires x to be at least combined_ratio*risk_weighted_assets-(Tier1+Tier2), while the leverage constraint requires x to be at least minimum_leverage_ratio*total_exposure-Tier1. Return the larger gap. Positive x is Tier 1 issuance required, zero is exactly binding, and negative x means the scenario permits withdrawal of -x while both constraints still hold. Independently report the combined capital requirement ratio using half-up rounding to six decimals; use its exact unrounded value downstream. Report x in USD millions using half-up rounding to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined capital requirement ratio independently.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"combined_capital_requirement_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_nlgpg45lhrmi7wh7ibyta","dataset_version":"task1-v4","question":"Under a fictional internal compliance-planning scenario, not a statement of current law, an actual penalty calculation, an accounting provision, or a market-concentration test, a crypto firm models exactly three nonoverlapping activity categories that exhaust the measured scenario-exposure pool for one reporting period and currency basis. Category 1 has covered volume 21 USD and decimal assessment ratio 0.5; Category 2 has 19 USD and 0.5; Category 3 has 162 USD and 0.5. For each category define modeled exposure P_i as volume times assessment ratio, define s_i as P_i divided by the total of the three exposures, and define H as the sum of the three squared shares. Report 100H as a percentage. With three positive categories, this percentage-scaled HHI-style score is at least 33 1/3 percent and approaches but does not reach 100 percent. It measures only concentration within the stated modeled exposure pool; it is not a 0-to-10,000 HHI, a violation probability, or a legal risk score. Use exact arithmetic and round only the final percentage to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the first category modeled exposure before normalization.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"category_1_exposure_checkpoint"},{"description":"Report the second category modeled exposure before normalization.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"category_2_exposure_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_nm7kwwiz73uyjrth5acvy","dataset_version":"task1-v4","question":"A sustainability reporting system requires initial investment 282937 USD, a whole-dollar amount from 200000 through 500000 inclusive. It produces annual energy savings 56249 USD, a whole-dollar amount from 40000 through 80000 inclusive, and annual waste savings 22475 USD, a whole-dollar amount from 15000 through 35000 inclusive. Each year, a tax credit of 6.58 percent, an exact decimal from 5.00 through 15.00 inclusive with at most two decimal places, and an extra operational saving of 3.4 percent, an exact decimal from 2.00 through 8.00 inclusive with at most two decimal places, both apply independently to the combined base annual savings. The period is 11 years, an integer from 3 through 7 inclusive. Assume annual amounts are constant and ignore discounting. Compute ROI as total savings over the period minus initial investment, divided by initial investment, then multiplied by 100. Use exact arithmetic and round only the final percentage half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact combined base annual savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"base_annual_savings_trace"},{"description":"Exact total annual savings including both additions.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"total_annual_savings_trace"},{"description":"Exact period savings minus initial investment.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_period_benefit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_nn4kcnmzp5g4q2v3ew5pq","dataset_version":"task1-v4","question":"Use exact arithmetic. EBITDA is 99 USD million, the comparable EBITDA multiple is 8.5 times, total debt is 81 USD million, and cash is 117 USD million. Enterprise value equals EBITDA times the multiple. Net debt equals total debt minus cash and may be negative. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Enterprise value implied by the EBITDA multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Total debt less cash, which may be negative.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"real_percent"},"case_id":"t1_nneuwqxhwzg5eyspxylf2","dataset_version":"task1-v4","question":"A company has market-value common equity E of 69 USD million, debt A value DA of 21 USD million, and debt B value DB of 36 USD million. Its common-equity beta is 1. The expected annual nominal market return rn is 10 percent and expected annual inflation pi is 2.5 percent. The supplied annual real risk-free rate rf is 2 percent, the annual real pretax debt costs are ka=5 percent and kb=6 percent, and the corporate tax rate T is 26 percent. The exact real market return exceeds rf, kb is not below ka, and both debts share one tax shield. Let rm=100*((1+rn/100)/(1+pi/100)-1), ke=rf+beta*(rm-rf), D=DA+DB, kd=(DA*ka+DB*kb)/D, V=E+D, wE=E/V, wD=D/V, and real WACC=wE*ke+wD*kd*(1-T/100). Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `real_percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact Fisher-adjusted real market return percentage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"real_percent"},"slot_id":"real_market_return_percent"},{"description":"Exact real CAPM common-equity cost percentage.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"real_percent"},"slot_id":"capm_real_equity_cost_percent"},{"description":"Exact value-weighted real pretax debt cost.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"real_percent"},"slot_id":"weighted_real_debt_cost_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_nolyxrnset2ycl2nt5srs","dataset_version":"task1-v4","question":"A sustainability project has an initial cost of 178308 USD, a whole-dollar amount from 50000 through 200000 inclusive. It saves 8635 USD per month on energy, a whole-dollar amount from 3000 through 10000 inclusive, receives 23177 USD per year, a whole-dollar amount from 10000 through 30000 inclusive, and reduces annual operating costs of 135873 USD, a whole-dollar amount from 50000 through 150000 inclusive, by 6 percent, an exact decimal from 2.00 through 8.00 inclusive with at most two decimal places. The project runs for 11 years, an integer from 3 through 7 inclusive. Assume all annual cash flows are constant and ignore discounting. Compute net benefit as years times annual energy savings plus exact efficiency savings plus the annual tax credit, minus the initial cost. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual energy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_energy_savings_trace"},{"description":"Exact annual efficiency savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_efficiency_savings_trace"},{"description":"Exact total benefits before subtracting initial cost.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_savings_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_nqxxsbqdryv6i3ucfbtsk","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan calculation. Principal in USD is 2528. Total interest amount in USD is 0. Add the two exactly and round only the final repayment half up to two decimals. Report the exact unrounded repayment.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ntrvbnksncp7dpptmcxiy","dataset_version":"task1-v4","question":"A merchant has 99 original payment attempts, each for 98. The primary processor succeeds with probability 0.65. Every primary failure triggers exactly one backup retry, whose conditional success probability is 0.3. An order produces one settlement of the stated amount if either attempt succeeds and produces no revenue if both fail; no order is retried more than once. The primary charges 0.02 of the stated amount plus fixed fee 3 on every original attempt, whether successful or failed. The backup charges 0.03 of the stated amount plus fixed fee 4 on every retry, whether successful or failed. The merchant also incurs 5 for every primary failure and an additional 7 for every order where both attempts fail, and pays 195 once for the batch. Treat all probabilities as exact scenario expectations. Ignore chargebacks, lost-sales costs, taxes, and all other costs. Compute expected settled revenue and deduct all processing, handling, and subscription costs. What are the expected net merchant proceeds?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the fraction of original attempts expected to settle through the backup retry.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"retry_success_fraction_checkpoint"},{"description":"Report expected backup processing fees.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"backup_processing_fees_checkpoint"},{"description":"Report expected additional handling cost from terminal failures.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"terminal_failure_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_nvqzreuny4me5mk7kjyf2","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock price is P=180.75 USD and the downside move is d=13 percent. Compute absolute loss=P*(d/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact downside ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"drop_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_nzk674kkjgypwoszgyscw","dataset_version":"task1-v4","question":"Under a fictional internal monitoring scenario, not a statement of current law or actual control effectiveness, a primary review detects exact decimal ratio 2/3 of one fixed eligible transaction population during one reporting period. A backup review is applied only to transactions missed by the primary review and detects an unknown conditional ratio of that missed set, so detections from the two stages do not overlap. The target unique combined detection ratio is 2/3, with the primary ratio strictly below the target. What minimum conditional detection ratio must the backup review achieve so unique combined detection reaches the target? Do not assume independent detectors or apply inclusion-exclusion. Report the required backup ratio as a percentage, using exact arithmetic and rounding only the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the complement ratio remaining after primary review.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"primary_miss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_nzuscz2liiapwydacmgr4","dataset_version":"task1-v4","question":"A company must offset 365 metric tons of CO2e, an integer from 100 through 1000 inclusive. One valid carbon credit offsets exactly one metric ton, so the required number of credits equals the stated emissions. The undiscounted price is 20.19 USD per credit, an exact decimal from 12.00 through 25.00 inclusive with at most two decimal places, and a 12.46 percent discount applies to the entire purchase, given as an exact decimal from 5.00 through 15.00 inclusive with at most two decimal places. Compute gross cost G = E times P, discount amount D = G times d/100, and net cost N = G minus D using exact arithmetic. Round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact gross cost before discount and before any result rounding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_cost_trace"},{"description":"Exact discount amount before subtraction; no trace rounding feeds the final result.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"discount_amount_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_o2dupfwaamgnjcdqczqpa","dataset_version":"task1-v4","question":"Total liabilities are 443295 USD and total equity before an owner capital injection is 266571 USD. The injection adds 76507 USD to equity and does not change liabilities. Compute debt-to-equity after the injection.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Equity after the capital injection.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_o2xxsgpf3aoj5wntw4uee","dataset_version":"task1-v4","question":"Use exact arithmetic. Exposure is E=322140.75 USD, the threshold is T=196400.25 USD, and the penalty rate is r=8 percent. Define excess=max(E-T,0) and penalty=excess*(r/100). Compute the penalty in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed pre-floor exposure difference.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"},{"description":"Nonnegative penalized excess.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_trace"}]}}
{"answer_spec":{"allowed_values":["program_a","program_b","no_feasible_program"],"type":"enum"},"case_id":"t1_o6tpwnedszjm5ejaf76zi","dataset_version":"task1-v4","question":"Compare social-impact program A, with fixed cost 202, aggregate delivery cost per beneficiary-equivalent unit 7, beneficiary-equivalent volume 119, monetized social value per unit 14, and per-opportunity success probability 0.6, against program B with corresponding inputs 203, 9, 79, 17, and 0.75. For each program, total cost equals fixed cost plus aggregate per-unit delivery cost multiplied by volume. Each program has exactly three independent delivery opportunities sharing its supplied per-opportunity probability. Its stated total cost covers all three opportunities, and its planned social value is realized once, not once per success, if at least one opportunity succeeds. Thus each program's effective delivery probability is one minus the probability that all three opportunities fail. Expected net social value equals planned monetized social value multiplied by that effective probability, minus total cost. A program is feasible only when total cost does not exceed 979 and its volume reaches 98. Choose the feasible program with higher expected net social value, prefer program_a on a tie, choose the sole feasible program, or return no_feasible_program when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `program_a`, `program_b`, `no_feasible_program`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the failure probability for one program A delivery opportunity","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"program_a_failure_probability_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_o6xnfribreur4skqkm256","dataset_version":"task1-v4","question":"Use exact arithmetic. Duplicate operating cost at Company A is 176 USD million, duplicate operating cost at Company B is 183 USD million, and integration reduces their combined amount by 32 percent. Add the two costs, convert the percentage to a ratio, and multiply to obtain annual savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined duplicate operating cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_oalaerd27yopwy7jfgfec","dataset_version":"task1-v4","question":"A fictional monitoring policy observes a transfer of 1171 USD and uses a local whale threshold of 1131 USD. Subtract the threshold from the transfer, then take the larger of that difference and zero. What is the nonnegative excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed excess before applying the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_oclc5s6g3u6w552mzxeqe","dataset_version":"task1-v4","question":"Use exact arithmetic. Original debt is 238 USD million, equity is 403 USD million, asset sale price is 149 USD million, and transaction cost is 21 USD million. The disclosed inputs always satisfy transaction cost no greater than sale price. Net proceeds equal sale price minus transaction cost. All net proceeds repay debt, with adjusted debt floored at zero. Divide adjusted debt by equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net cash proceeds available for debt repayment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Debt remaining after repayment, floored at zero.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"case_id":"t1_odfwqp5kw4cykx3go3q3i","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance score. Control failure count is 21. Risk points per failure are 0.6825. Multiply exactly and round only the final score half up to two decimals. Report the exact weighted score before the final score.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `risk_point` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_oeyx3bevkl5fivhq75x66","dataset_version":"task1-v4","question":"A company has a variable COGS rate ratio of 0.45, fixed operating costs of 8, interest expense of 12, and an income tax rate ratio of 0.2499997. Determine the revenue required to achieve after-tax income of 34.4013885. Report the result in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Determine the after-tax retention ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"retention_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ofqwkb2frqtndhujw7n5a","dataset_version":"task1-v4","question":"Before preferred distributions and a planned common-share issuance, earnings normalized per current common share are 4.1586695. The issuance increases the common-share base by ratio 0.3141593. To keep exact pro forma post-issuance EPS at or above 2, determine the maximum preferred-dividend allocation per current common share. Report the result in USD per current common share, rounded half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the post-issuance share-base multiple","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"dilution_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ohdc4n4fzaarj5gk3eo7y","dataset_version":"task1-v4","question":"Use exact arithmetic. Shares before the stock dividend are 3233670, the stock-dividend rate is 19 percent, last year's cash dividend per share was 1.1 USD, and the cash-DPS growth rate is 7 percent. New shares equal old shares times one plus the stock-dividend rate. New cash dividend per share equals last dividend per share times one plus cash-DPS growth. Total cash distributed equals exact new shares times exact new cash dividend per share.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Shares outstanding after the stock dividend.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_1"},{"description":"Cash dividend per share after growth.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ohtgjr3e4xwj6d2qm4jkw","dataset_version":"task1-v4","question":"A portfolio holds USD 2363 of asset A with beta 5, USD 2562 of asset B with beta 0.0183, and USD 2894 of asset C with beta 2. The risk-free rate is 3 percent and expected market return is 8 percent. Compute exact dollar weights, portfolio beta = sum(w_i beta_i), then CAPM return R_f + beta_p(R_m - R_f). Do not round weights or beta.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total portfolio value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_value_trace"},{"description":"Exact dollar-weighted portfolio beta.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"portfolio_beta_trace"},{"description":"Market risk premium.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"market_premium_trace"}]}}
{"answer_spec":{"allowed_values":["Route A","Route B","No trade"],"type":"enum"},"case_id":"t1_oi6nug72svt4dlesm3jag","dataset_version":"task1-v4","question":"Starting with USD capital 101, compare two closed FX routes. Route A follows USD to X to Y to USD: 2 is X per USD, 2 is Y per X, and 1.459800005 is USD per Y. Route B follows USD to Z to USD: 0.5 is Z per USD and 1.6 is USD per Z. After each closed route, apply its single aggregate proportional fee 0.1 or 0.1 once to final USD proceeds, then subtract fixed USD cost 16 or 17. A route qualifies only if its exact terminal value meets return hurdle 0 on starting capital. Select the qualifying route with the higher exact terminal value, select Route A when both qualify and tie exactly, or return No trade when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Route A`, `Route B`, `No trade`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Route A's three-leg gross multiplier rounded half up to eight decimals","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"a_gross_multiplier_checkpoint"},{"description":"Report Route B's two-leg gross multiplier rounded half up to eight decimals","position":2,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"b_gross_multiplier_checkpoint"}]}}
{"answer_spec":{"allowed_values":["target_payout","stable_growth","no_feasible_policy"],"type":"enum"},"case_id":"t1_oizxsx7eimjbhkjxgwq6k","dataset_version":"task1-v4","question":"Compare a target-payout policy and a three-period stable-growth policy. All monetary amounts are in USD millions. At the common end of the three-period planning horizon, forecast net income is 266 and the mandatory reserve is 61, so distributable earnings equal forecast net income minus the reserve. The target-payout policy proposes a terminal total dividend equal to distributable earnings times 0.45 and requires retained distributable earnings of at least 81. The stable-growth policy starts from prior total cash dividend 51 at the beginning of the horizon and compounds it for exactly three periods at the per-period rate 0.16, so its terminal total dividend equals the prior total cash dividend times (1 + the growth rate)^3; it requires retained distributable earnings of at least 91. At that horizon a policy qualifies only if its proposed dividend does not exceed 101 and its policy-specific retained-earnings floor is met. If both qualify, return `target_payout` when the target-payout dividend is at least the stable-growth dividend, including an exact tie; otherwise return `stable_growth`. If only one qualifies, return it; otherwise return `no_feasible_policy`.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `target_payout`, `stable_growth`, `no_feasible_policy`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-period growth multiple used by the stable policy","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"one_period_growth_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_ol24vfmmetulbc44smjnw","dataset_version":"task1-v4","question":"Use exact arithmetic. Free cash flows for Years 1 through 3 are 19, 20, and 20.5 USD million, discount rate is 11.5 percent, terminal growth rate is 3.5 percent, total debt is 102 USD million, and cash is 35 USD million. Disclosed inputs always satisfy discount rate greater than terminal growth. Discount each forecast cash flow by one plus discount rate to its year power. Terminal value at end of Year 3 equals Year-3 FCF times one plus terminal growth divided by discount rate minus terminal growth and is then discounted for three years. Enterprise value equals forecast present values plus terminal present value. Net debt equals total debt minus cash. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gordon terminal value at the end of Year 3.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Enterprise value from forecast and terminal present values.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ol54ju57chprgdce26skm","dataset_version":"task1-v4","question":"A company starts with revenue 6803/66 and then experiences a downturn ratio 0.01. It must reach target revenue 103 after recovery. Assuming the target exceeds the post-downturn revenue, compute the required recovery rate as the additional revenue needed divided by post-downturn revenue, and report that rate as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report revenue immediately after the downturn","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_olbofxcudneroeegktcoc","dataset_version":"task1-v4","question":"A company plans two sequential reporting periods. Its unknown opening cash is carried through both periods. Period one has cash inflow 8803/150 and cash outflow 20.7. Period two then has cash inflow 31 and cash outflow 19. Each period-end cash balance must be at least 97.025. Assume every stated flow occurs before its period end, only period-end balances are tested, and there are no other cash flows, interest, or intraperiod liquidity requirements. What is the minimum opening cash that satisfies both period-end floors? All cash amounts are in USD millions; use exact arithmetic and round only the final answer to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report period-one net cash flow as a fraction of the required cash floor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_one_net_to_floor_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_onemvegwjjnpsnvpicspy","dataset_version":"task1-v4","question":"Value a target using two methods under the buyer's stated reconciliation policy. The revenue method uses revenue 59 and revenue multiple 3. The EBITDA method uses EBITDA 9 and EBITDA multiple 9. Compare the two enterprise values: their dispersion is the higher value minus the lower value, and the permitted dispersion equals the lower value multiplied by 0.2. If the methods are consistent within that tolerance, use their mean enterprise value; otherwise use the lower enterprise value. Then deduct total debt 14 and add cash 3, which are the only enterprise-value-to-equity-value adjustments in this scenario. Report the reconciled equity value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute enterprise value under the revenue method","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"revenue_value_checkpoint"},{"description":"Compute enterprise value under the EBITDA method","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"ebitda_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_onvqeyfpqaoeu2if54dqq","dataset_version":"task1-v4","question":"A merchant's batch has gross sales before chargebacks of 2031 across 196 transactions. The processor charges rate 0.04 on those gross sales plus 0.5 per transaction. Chargebacks included in the gross-sales amount total 102, of which fraction 0.6 is recovered. The processor also withholds reserve 29. Compute all deductions using exact values and report the merchant's net settlement after variable fees, fixed fees, unrecovered chargebacks, and reserve. What is the net settlement?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the proportional processing fee.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"variable_fee_checkpoint"},{"description":"Report aggregate fixed processing fees.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"fixed_fee_checkpoint"},{"description":"Report unrecovered chargeback loss.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"chargeback_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_oozrg5s6c43alnegh7dec","dataset_version":"task1-v4","question":"Use exact arithmetic. Base capital is C=1009800.25 USD, risk appetite is a=46 percent, and the disclosed volatility adjustment is v=6 percent. Define m=1+v/100 and adjusted threshold=C*(a/100)*m. Compute it in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact appetite ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"},{"description":"Exact disclosed adjustment multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"adjustment_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_opm6lxzsbqdyqnthvsl5o","dataset_version":"task1-v4","question":"A transfer of 202 USD may use Network A or Network B. Compute both candidate route receipts before applying the routing rule. Network A deducts fee ratio 0.37 and then fixed fee 5 USD. Network B deducts fee ratio 0.349975, then fixed fee 14 USD, and finally increases the post-fee amount by bonus ratio 0.05. Using unrounded intermediate amounts, use Network A if its net receipt is at least 109 USD, including exact equality; otherwise use Network B. What net receipt is selected? Carry all arithmetic exactly and round only the selected receipt half up to two decimal places in USD.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Network B's receipt after its proportional fee and before its fixed fee and bonus.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"network_b_after_ratio_fee_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_oq6xegc7xhtdrlmnykd4m","dataset_version":"task1-v4","question":"A company has 98 USD of quick assets excluding inventory and 152 USD of current liabilities. Its required post-transaction quick ratio is one plus positive uplift ratio 0.405481. It can sell sufficient inventory at net recovery rate 0.75 of carrying amount. Fraction 0.7 of the recovered cash remains in quick assets, while the complementary fraction immediately repays current liabilities at par. The recovery rate is net of all modeled sale costs, and there are no other balance changes. What minimum inventory carrying amount must be sold to reach the required quick ratio exactly? Use exact arithmetic, round the independently displayed checkpoint to six decimals, and round the final USD amount to two decimals with half-up rounding; never feed the displayed checkpoint into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the target-weighted liability-repayment contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"liability_relief_weight_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_oqkw2pdefetsi5wjn2rog","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial revenue is R=480225.25 USD, downturn is d=17 percent, and recovery applied to the reduced revenue is q=13 percent. Compute final revenue=R*(1-d/100)*(1+q/100) with no intermediate rounding, then round only the final USD value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact ratio after downturn.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"remaining_ratio_trace"},{"description":"Exact recovery multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"recovery_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_os6xqxffeadyzt2gsgztg","dataset_version":"task1-v4","question":"A fictional robo-advised portfolio is worth 983 USD and pays an advisory fee of 98 percent of assets. Convert the fee to a ratio and multiply portfolio value by one minus that ratio. What is the portfolio value after the fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after advisory fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"keep_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_osfelgcyxwgbgq7ndr3fm","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local inflation calculation. Current annual spending in USD per year is 253. Inflation ratio per period is 0. Positive integer period count is 12. Add one to the ratio, raise the factor to period count, multiply by annual spending, and round only the final adjusted spending half up to two decimals. Report the period factor and compounded multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report one-period inflation factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"inflation_factor"},{"description":"Report compounded inflation multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"inflation_multiple"}]}}
{"answer_spec":{"allowed_values":["capital_pass","capital_fail"],"type":"enum"},"case_id":"t1_owtxhmx7vputhr4qkigj2","dataset_version":"task1-v4","question":"A portfolio worth 98 has available capital 9 and must retain at least 7. In the joint scenario, market shock ratio 0.2 with sensitivity 0.05 and credit shock ratio 0.2 with sensitivity 0.2 contribute linear loss rates, while their product times 1.00895 contributes an interaction rate. In the alternative scenario, shock ratio 0.05 is squared and multiplied by 3. Convert each scenario rate to a dollar loss, use the larger loss, subtract it from available capital, and return capital_pass when the remaining capital meets the minimum or capital_fail otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `capital_pass`, `capital_fail`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the total joint-scenario loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"joint_rate_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_oxhft4rjor5ucnlj3vxly","dataset_version":"task1-v4","question":"Use exact arithmetic. Exposure is E=272663 USD, threshold T=266943 USD, penalty rate r=4 percent, current capital C=145785 USD, minimum capital M=171308 USD, liquid assets A=122763 USD, and liquidity requirement Q=122975 USD. Define penalty=max(E-T,0)*(r/100), shortfall=max(M-C,0), gap=max(Q-A,0), and total=penalty+shortfall+gap. Compute total in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compliance penalty component.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"penalty_trace"},{"description":"Exact capital shortfall component.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"shortfall_trace"},{"description":"Exact liquidity gap component.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gap_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_oy5q3u3e7ua4ovjbgr6wg","dataset_version":"task1-v4","question":"An ESG project is expected to produce annual energy savings of 82 and annual water savings of 41, while requiring annual maintenance cost of 19.81. The full-horizon present-value multiplier for these recurring net benefits is 3. Using ROI = (present value of net benefits minus initial investment) divided by initial investment, compute the maximum initial investment that exactly meets the required ROI ratio 4.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report annual savings after maintenance","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"annual_net_benefit_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_ozaxiwbstqfsbxlr435rk","dataset_version":"task1-v4","question":"Use exact arithmetic. Free cash flows for Years 1 through 3 are 17, 19, and 19 USD million, discount rate is 12 percent, terminal growth rate is 4 percent, total debt is 98 USD million, and cash is 32 USD million. Disclosed inputs always satisfy discount rate greater than terminal growth. Discount each annual cash flow by one plus discount rate to its year power. Terminal value at the end of Year 3 equals Year-3 FCF times one plus terminal growth divided by discount rate minus terminal growth, then is discounted for three years. Equity value equals the sum of forecast and terminal present values minus total debt plus cash.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sum of exact forecast-period present values.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Present value of the terminal value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_p36x3j6ufekechwsk2jqu","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local AML policy. The transaction amount in USD is 120.85. The scenario threshold in USD is 126.28. Compute signed excess as amount minus threshold. A threshold breach is true exactly when amount is at least the threshold, so equality breaches. Report the signed excess and final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report amount minus threshold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"amount_excess"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_p3p2cv7gw4fjitgezhwiy","dataset_version":"task1-v4","question":"All USD amounts are per underlying share. A cash-settled call expires in the money at terminal stock price 78.691 with strike price 49. Its intrinsic payoff is terminal price minus strike. Deduct the additional settlement fee 19, which is separate from the strike already embedded in that payoff. Simple nonannualized expiration ROI equals (intrinsic payoff minus settlement fee minus premium) divided by premium. For target ratio 0.5, where 0.20 means 20%, compute the exact premium threshold at which ROI equals the target. Ignore financing and discounting. Carry the threshold exactly, then report it using half-up rounding to cents. The displayed amount is a rounded report of the exact threshold, not necessarily the greatest executable whole-cent premium.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the per-share intrinsic payoff rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"intrinsic_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_p4dr3jg6adb4idla7yvze","dataset_version":"task1-v4","question":"An investment requires an initial outlay of 443 at time 0, pays 451 at the end of year 1, and pays 123 at the end of year 2. Starting from the annual effective trial rate 0.1, evaluate the exact two-year NPV and perform exactly one Newton-Raphson update using the positive magnitude of the NPV derivative. The trial NPV is guaranteed to be positive, so the update moves upward while remaining below the unique economic IRR. Report the updated trial rate as an annual percentage. Do not iterate again and do not describe the result as the exact or converged IRR.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the present value of the year-2 cash flow at the trial rate.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"year_two_present_value_checkpoint"}]}}
{"answer_spec":{"allowed_values":["within_budget","budget_breach"],"type":"enum"},"case_id":"t1_p4lrtokaqd6npwr7zfdze","dataset_version":"task1-v4","question":"A portfolio worth 101 faces positive downside shock ratio 0.2. Its linear loss sensitivity is 0.4, and its convexity multiplier 0.5 applies to the square of the shock. Add the linear and convexity loss rates, convert the result to a gross dollar loss, and cap that loss at 4. Compare the capped loss with budget 3. Return within_budget when the capped loss does not exceed the budget and budget_breach otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `within_budget`, `budget_breach`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the convexity loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"convexity_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"case_id":"t1_p5g53reu5gu5gootjbbyy","dataset_version":"task1-v4","question":"Convert 371 whole euros using EUR/USD = 1 USD per euro and GBP/USD = 0.5 USD per pound. Compute the exact cross rate GBP per EUR = (USD per EUR)/(USD per GBP), then multiply by euros. The supplied exact inputs produce a whole number of pounds; do not round the cross rate.\n\nAnswer format: return only the exact numeric value interpreted in `count`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact implied GBP per EUR cross rate.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"cross_rate_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_p766b3gz6qs5dslh4p272","dataset_version":"task1-v4","question":"Use exact arithmetic. Earnings per share are 6 USD, the target payout ratio is 34 percent, last year's dividend per share was 3 USD, the adjustment speed is 31 percent, and shares outstanding are 1703815. Target dividend per share equals earnings per share times the payout ratio. New dividend per share equals last dividend per share plus adjustment speed times the difference between target and last dividend per share. Multiply the exact new dividend per share by shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact target dividend per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_1"},{"description":"Exact smoothed dividend per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_p76u4l57b2nol6ak6gsxq","dataset_version":"task1-v4","question":"Over one annual period, a DeFi user already has 820.9312 USD earning yield ratio 0.125. A second pool offers yield ratio 0.2. The protocol charges a fixed annual fee of 6 USD that does not depend on the added principal. Determine the additional stake required in the second pool to deliver a net annual reward of 117.3104 USD. Report the result in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the reward supplied by the existing position.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"existing_reward_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_paaixqnu4axpkjyccfjoq","dataset_version":"task1-v4","question":"Current assets are 59200 USD, including inventory of 20906 USD, and current liabilities are 28145 USD. Assume inventory is the only non-quick current asset. Compute quick ratio = (current assets minus inventory) / current liabilities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current assets excluding inventory.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_pdfoh7wtapidhhw7nhvzg","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local ownership policy. Direct ownership percent is 6. Indirect ownership percent is 19.706. The scenario control flag is true. The ownership threshold percent is 24. Add direct and indirect ownership exactly. Enhanced review is true when total ownership is at least the threshold or the control flag is true. Report total ownership and the threshold condition before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined ownership.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"total_ownership_percent"},{"description":"Report the ownership condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"ownership_threshold_met"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_pgszwhxplvspj7sfti6f6","dataset_version":"task1-v4","question":"Current liabilities are 1254600 USD and current equity is 842945 USD. In the debt-financing scenario, the company issues 365746 USD of debt and equity is unchanged. In the equity-financing scenario, it issues 188870 USD of equity and liabilities are unchanged. Compute debt-scenario debt-to-equity minus equity-scenario debt-to-equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Debt-to-equity under debt financing.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Debt-to-equity under equity financing.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_pgu5qeei2ix4al5kmdc5s","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual cost bases are 233 and 249 USD million, overlap removal saves 18 percent of their combined cost, and first-year integration cost is 48 USD million. Gross synergy equals combined cost times the synergy-rate ratio. Net first-year savings equal gross synergy minus integration cost. A negative result is a first-year net cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual operating cost base.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Gross annual synergy savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_pgxvmkogppifafqe6kleg","dataset_version":"task1-v4","question":"Use exact arithmetic. Vega is G=45 USD of option-value change per one percentage-point volatility step, and the signed number of such steps is n=3. Compute change=G*n in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_phcbosmxkvefzq7wmdlde","dataset_version":"task1-v4","question":"A fictional local sentiment model uses no external market data. Its normalized price-move signal is -16/17 and its sensitivity multiple is 3. Multiply the signal by the multiple. What is the resulting dimensionless sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_pikxw2nakar4dffuhsq2q","dataset_version":"task1-v4","question":"An investment costs 48755 USD at time 0, and that amount remains its tax basis. It is sold exactly six months later for 59699 USD, with 5070 USD of selling cost paid at sale. Capital-gains tax equals 36 percent of the strictly positive net gain, defined as sale price minus selling cost minus tax basis. The after-tax net sale proceeds are the only terminal cash flow. Compute the effective annualized after-tax IRR as a percentage. For the exact six-month holding period, square the after-tax gross return multiple before subtracting one.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sale proceeds after selling cost.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_trace"},{"description":"Six-month terminal proceeds after tax.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_proceeds_trace"},{"description":"Exact six-month after-tax gross return multiple.","position":3,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"six_month_gross_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_pkq5oot3tcaastkqx56v4","dataset_version":"task1-v4","question":"Use exact arithmetic. Vega is G=19.5 USD of value change per one percentage-point volatility step, and signed step count is n=-0.0228. Compute impact=G*n in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_plqmv4jswglfiibv3fybk","dataset_version":"task1-v4","question":"Measure all wealth per 1 USD of original initial notional. A managed portfolio starts with equity weight 0.5 and the complementary bond weight. During period 1, equity and bonds grow by factors 2 and 1. At the midpoint, the advisor deducts a fixed advisory charge equal to 0.1 of original initial notional entirely from the bond side. The portfolio is then below its equity target. The advisor buys equity and pays transaction fee rate 0.1 on the purchase, also from the bond side. Solve the purchase so equity equals its target fraction of wealth after both midpoint charges. During period 2, equity and bonds grow by factors 1 and 0.5. Compare managed terminal wealth with a fee-free unmanaged buy-and-hold benchmark that retains the original equity and bond positions through both periods, performs no midpoint rebalance, and pays neither midpoint charge. Report managed wealth minus benchmark wealth as a percentage of original initial notional. A positive result favors the managed path. Growth factors are wealth multipliers, not return rates. Use exact arithmetic and round the final percentage half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the period-1 equity value per unit of original notional.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_1_equity_value_checkpoint"},{"description":"Report the period-1 bond value per unit of original notional.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_1_bond_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_pmparuvtnveqnl7hcwfxy","dataset_version":"task1-v4","question":"A company must offset 886 metric tons of CO2e, an integer from 100 through 1000 inclusive. One valid carbon credit offsets exactly one metric ton, so the required number of credits equals the stated emissions. The undiscounted price is 17 USD per credit, an exact decimal from 12.00 through 25.00 inclusive with at most two decimal places, and a 9 percent discount applies to the entire purchase, given as an exact decimal from 5.00 through 15.00 inclusive with at most two decimal places. Compute gross cost G = E times P, discount amount D = G times d/100, and net cost N = G minus D using exact arithmetic. Round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact gross cost before discount and before any result rounding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_cost_trace"},{"description":"Exact discount amount before subtraction; no trace rounding feeds the final result.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"discount_amount_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_ton_co2e"},"case_id":"t1_pnelawedzzyh33iyy5se4","dataset_version":"task1-v4","question":"Treat one carbon credit as covering one ton of CO2e. A company has internal abatement capacity 203.1601 tons of CO2e and commits to utilization 0.5. Mobilizing internal abatement costs 1942 USD, plus 11 USD for each ton internally abated. Compute the carbon-credit price in USD per ton of CO2e at which buying credits for the same planned abatement quantity costs exactly as much as internal abatement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_ton_co2e` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the internally planned reduction quantity","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"tons_co2e"},"slot_id":"planned_abatement_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_pnkaleskrbjytm4gozczm","dataset_version":"task1-v4","question":"Revenue is 792666 USD, cost of goods sold is 535048 USD, and net income is 131595 USD. Compute the gross-to-net margin gap in percentage points: gross profit margin minus net profit margin.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gross profit margin as a percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"trace_1"},{"description":"Net profit margin as a percent.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_pnrvtb43ml4nuesqfgz3o","dataset_version":"task1-v4","question":"Use exact arithmetic. The portfolio value is V=44790.25 USD; daily volatility is s=3.4 percent; the supplied exact time-scaling scenario multiplier is t=2; and confidence is c=98.25 percent. All case values lie in V from 10000 through 50000, s from 1 through 5, t from 1 through 11/5, and c from 90 through 99. For this disclosed scenario, define the heuristic confidence multiplier m=1+(100-c)/100; it is a stipulated scenario rule, not a normal quantile. Compute VaR=V*(s/100)*t*m in USD using no intermediate rounding. Round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact volatility ratio used by the VaR calculation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"volatility_ratio_trace"},{"description":"Exact disclosed heuristic confidence multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"confidence_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_pof5walsp5h5skhmoglpm","dataset_version":"task1-v4","question":"An investment requires 51455 USD at time 0. Exactly one year later it is sold for 51455 USD, and 509 USD of selling costs is paid at that sale. Net sale proceeds exceed the initial investment, and there are no other cash flows. Compute the effective annual IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net sale proceeds after selling cost.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_trace"},{"description":"Exact one-year gross return multiple.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"gross_return_multiple_trace"}]}}
{"answer_spec":{"allowed_values":["standard_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_poo7ugqlupi4a676twoqs","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local policy; no real country, sanctions list, or sector data is used. The supplied jurisdiction base score is 3. The supplied sector multiplier is 3. The scenario high-risk override is false. The sector EDD flag is false. Multiply the score and multiplier exactly. The numeric band is high_risk at an exact composite of at least 8, medium_risk at an exact composite of at least 5 but below 8, and standard_risk below 5. The final label is high_risk when the numeric high threshold or high-risk override applies; otherwise it is medium_risk when the numeric medium threshold or EDD flag applies; otherwise it is standard_risk. Round only the composite trace half up to two decimals; all thresholds use the exact unrounded composite.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `standard_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact composite with half-up two-decimal display.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"slot_id":"composite_risk_score"},{"description":"Report the band from exact composite before overrides.","position":2,"result_spec":{"allowed_values":["standard_risk","medium_risk","high_risk"],"type":"enum"},"slot_id":"numeric_risk_band"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ppcv5yxoogssakarsfhla","dataset_version":"task1-v4","question":"Two segments use one planning period and currency. Segment A has revenue 991, pre-shared-cost pre-tax profit margin 0.4, and tax rate 0.2. Segment B has revenue 493, pre-shared-cost pre-tax profit margin 0.5, and tax rate 0.3. These margins are after all segment-specific operating costs but before allocating one shared deductible cost pool of 99. Allocate fraction x of that pool to A and the complementary fraction to B exactly once. In this fictional planning scenario, each tax rate is applied to the resulting positive pre-tax profit and no claim is made about actual tax or transfer-pricing rules. What percentage x of the shared cost pool must be allocated to A so the two after-tax profit margin ratios are equal? Use exact arithmetic and round only the final percentage to two decimal places with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the shared cost pool as a ratio of Segment A revenue.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"segment_a_shared_cost_burden_ratio_checkpoint"},{"description":"Report the shared cost pool as a ratio of Segment B revenue.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"segment_b_shared_cost_burden_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_prlqzbnthncqjpx7kpf4m","dataset_version":"task1-v4","question":"A fictional DeFi pool applies a stated annual yield to a stake for one full year. The stake is 1025 USD and the annual yield is 2 percent. Convert the percentage to a ratio and multiply it by the stake. What is the annual reward in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted annual yield ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"yield_ratio_trace"}]}}
{"answer_spec":{"allowed_values":["Route A","Route B","No trade"],"type":"enum"},"case_id":"t1_pruqrmzhhafidbr2dl2ic","dataset_version":"task1-v4","question":"Starting with USD capital 101, compare two closed FX routes. Route A follows USD to X to Y to USD: 2 is X per USD, 0.5 is Y per X, and 1.328730003 is USD per Y. Route B follows USD to Z to USD: 2 is Z per USD and 1.232400004 is USD per Z. After each closed route, apply its single aggregate proportional fee 0.1 or 0.1 once to final USD proceeds, then subtract fixed USD cost 6 or 4. A route qualifies only if its exact terminal value meets return hurdle 0.1 on starting capital. Select the qualifying route with the higher exact terminal value, select Route A when both qualify and tie exactly, or return No trade when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Route A`, `Route B`, `No trade`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Route A's three-leg gross multiplier rounded half up to eight decimals","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"a_gross_multiplier_checkpoint"},{"description":"Report Route B's two-leg gross multiplier rounded half up to eight decimals","position":2,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"b_gross_multiplier_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_psnanivncyvze46lrwx6w","dataset_version":"task1-v4","question":"Current assets are 167212 USD, including inventory 38265 USD and prepaid expenses 13590 USD. Current liabilities are 89839 USD. Compute the quick ratio after excluding both inventory and prepaid expenses; also derive the current ratio as a trace.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current ratio before exclusions.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Quick assets after excluding inventory and prepayments.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ptx4rxydrmmuio32tnck6","dataset_version":"task1-v4","question":"A fictional cross-chain transfer begins at 975 USD. The bridge charges 98.5 percent and then credits a fixed local bonus of 1 USD. Convert the fee to a ratio, multiply initial value by one minus that ratio, then add the bonus. What net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after the bridge fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retained_ratio_trace"},{"description":"Transfer value after the fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"after_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_pudraokojtscy6karon6a","dataset_version":"task1-v4","question":"Over one common annual period, a DeFi liquidity position has capital of 982 USD, earns fee-yield ratio 0.330005, and incurs impermanent-loss ratio 0.15. An optional hedge covers 0.8 of that loss and, only when activated, costs 0.05 of capital. If the exact unhedged loss strictly exceeds the risk limit of 196 USD, activate the hedge; otherwise leave the position unhedged and pay no hedge cost. Return the selected net profit or loss in USD, excluding return of the original capital, using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the covered impermanent loss as a ratio of position capital.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"covered_loss_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_pupydghxchwurp2r6kiu2","dataset_version":"task1-v4","question":"A fictional local model has signed tweet, news, and price signals of 4, -0.022, and 0.0106. Their positive weights are 2, 2, and 1.1. The model clips the weighted sum between -3 and 1. Multiply each signal by its weight, sum the three components, take the larger of the sum and the floor, then the smaller of that result and the cap. What dimensionless composite sentiment score is published?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Weighted tweet component.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"tweet_component_trace"},{"description":"Weighted news component.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"news_component_trace"},{"description":"Unclipped composite score.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"raw_composite_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_pveobdbkk5goavov5iyva","dataset_version":"task1-v4","question":"A company forecasts net income of 172 and must first retain 49, with all monetary amounts in USD millions. Under this fictional internal policy, dividend authorization starts at 100% of distributable earnings and passes through exactly three sequential payout-ratchet stages. Each stage reduces the remaining authorized share by the same fraction t=0.2345675, so the policy limit is distributable earnings times (1-t)^3. The liquidity plan separately caps the cash dividend at 59.7. Determine the exact maximum total cash dividend satisfying both limits, then report it rounded half up to two decimals in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the authorized payout share remaining after one ratchet stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_payout_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_pxc2yuakjcno43antuahy","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 1759 USD million and the price-to-earnings multiple is 24 times. Market capitalization equals net income multiplied by the P/E multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_pybryq2urxonrh2frwhe4","dataset_version":"task1-v4","question":"An investment requires an initial outlay of 3035/11 at time 0, pays 222 at the end of year 1, and pays 120 at the end of year 2. Starting from the annual effective trial rate 0.1, evaluate the exact two-year NPV and perform exactly one Newton-Raphson update using the positive magnitude of the NPV derivative. The trial NPV is guaranteed to be positive, so the update moves upward while remaining below the unique economic IRR. Report the updated trial rate as an annual percentage. Do not iterate again and do not describe the result as the exact or converged IRR.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the present value of the year-2 cash flow at the trial rate.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"year_two_present_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_pyibj6pp7zyww34yupdem","dataset_version":"task1-v4","question":"Use exact arithmetic. EBITDA is 93 USD million, the selected EBITDA multiple is 11 times, and net debt is 23 USD million. Enterprise value equals EBITDA times the multiple. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Enterprise value implied by the EBITDA multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_pzwr6x3kr6coodfszal6m","dataset_version":"task1-v4","question":"A company reports net sales of 752176 USD and average total assets of 588610 USD for the same period. Compute asset turnover = net sales / average total assets.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_q2ei67f3yxgguciudxqna","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=126425.25 USD and the disclosed spread is s=0.4 percent. Compute additional liquidity cost=V*(s/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact spread ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"spread_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_q2uhwmhxszp56ewoge5vg","dataset_version":"task1-v4","question":"A sustainability report gives annual energy expenditure 389.295 and an achieved energy-reduction ratio 0.2. Annual waste-management expenditure is 295. To reach the combined annual savings target 196.663, compute the waste-cost reduction rate that must be reported, expressed as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report savings contributed by energy reduction","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"energy_savings_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_q3yorlr4echf3me54gep4","dataset_version":"task1-v4","question":"A green bond has principal 24461 USD, a whole-dollar amount from 10000 through 25000 inclusive, and an annual coupon yield of 6.23 percent, an exact decimal from 3.00 through 8.00 inclusive with at most two decimal places. It compounds annually for 5 years, an integer from 2 through 5 inclusive. The financed project saves 4634 USD each year, a whole-dollar amount from 1000 through 5000 inclusive, and pays the investor 27.07 USD for every 500 USD of annual savings, an exact decimal from 10.00 through 30.00 inclusive with at most two decimal places. Fractional 500-USD savings blocks earn a proportional bonus. Compute total benefit as compound interest plus the annual bonus times years, excluding principal. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"interest_earned_trace"},{"description":"Exact proportional annual bonus.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_bonus_trace"},{"description":"Exact total bonus over the term.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_bonus_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_q6alh23gckpqofgosfd5u","dataset_version":"task1-v4","question":"A portfolio worth 98 has signed weighted common-factor return loadings 0 and 0.00506499, each expressed as a ratio. Under the stated common-factor covariance convention, aggregate the loadings before constructing the variance radicand. Apply confidence multiplier 1, add liquidity charge 0, and compare the result with stress loss 3. Compute the required capital as the larger loss measure.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report portfolio volatility rounded half-up to eight decimal places","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"portfolio_sigma_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_q74f7jqoalqxrlz7wzbb6","dataset_version":"task1-v4","question":"A sentiment model must reach a total score of 10.388701. Its news contribution equals 6 multiplied by average news polarity 2/7 and influence factor 2.0208964. Its tweet contribution equals 6 multiplied by average tweet polarity 19/11 and an unknown engagement ratio. The total score is the sum of these two contributions. What engagement ratio reaches the target? Report the required ratio using half-up rounding to six decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 6 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the weighted news contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"news_score_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_qb5s46adyq7inmvjiz6a6","dataset_version":"task1-v4","question":"Three annual merger-synergy workstreams are measured on the same pre-tax operating-contribution basis. Their unadjusted headline values are procurement savings 41, IT savings 34, and revenue-synergy contribution 26, all in USD millions. Due diligence identifies procurement-IT overlap 7, procurement-revenue overlap 4, and IT-revenue overlap 5. Each pairwise overlap includes the same common three-way overlap 3. Apply inclusion-exclusion to deduplicate the headline opportunities, then realize ratio 0.5 of that deduplicated amount. Deduct fully tax-deductible annual integration charge 6 from the positive realized amount before applying tax rate 0.2. What percentage of the unadjusted headline sum remains as annual after-tax net captured synergy? Use the sum of the three headline values as the denominator intentionally.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the unadjusted headline sum across the three workstreams","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"headline_savings_checkpoint"},{"description":"Compute the sum of pairwise overlaps before restoring the common three-way overlap","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"pairwise_overlap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qbzaofeo2zkaytlrywxg2","dataset_version":"task1-v4","question":"A risk desk permits a VaR budget of 0.5. The position has daily volatility 0.0333335, uses confidence multiplier 3, and is held for 4. Under square-root-of-time scaling, compute the maximum portfolio exposure that keeps parametric VaR within the budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report volatility scaled to the holding horizon","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"horizon_volatility_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Scenario A","Scenario B","Neither scenario"],"type":"enum"},"case_id":"t1_qcsvatiswawba2nduc24q","dataset_version":"task1-v4","question":"Compare two financing scenarios using corporate tax rate ratio 0.26 and maximum permitted WACC percentage 10. Under this scenario's internal leverage covenant, debt ratio means debt divided by debt plus equity, D/(D+E), and its permitted ceiling starts at 1.00. At each of exactly three sequential covenant stages the company reduces the remaining ceiling by the same fraction t=0.1876547, so the final shared ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general regulatory rule. Scenario A has equity value 110, debt value 27, cost of equity percentage 9.1, and pre-tax cost of debt percentage 6. Scenario B has equity value 110.5, debt value 36.5, cost of equity percentage 9.96, and pre-tax cost of debt percentage 3. A scenario qualifies only if both its exact WACC and D/(D+E) debt ratio satisfy their limits. Return exactly `Scenario A`, `Scenario B`, or `Neither scenario`; among qualifying scenarios return the one with lower exact WACC, choose `Scenario A` on an exact tie, and return `Neither scenario` when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Scenario A`, `Scenario B`, `Neither scenario`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the debt-ratio ceiling remaining after one covenant stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_debt_ratio_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qcx5a3ukqasp7ff3pjnqg","dataset_version":"task1-v4","question":"A green-bond investment has principal 34212 USD, a whole-dollar amount from 10000 through 50000 inclusive. Its simple annual yield is 5.5 percent, an exact decimal from 3.00 through 7.00 inclusive with at most two decimal places, for 9 years, an integer from 1 through 5 inclusive. Ignore compounding and principal repayment. Compute total interest as principal times the annual yield ratio times years, using exact arithmetic and rounding only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual simple-interest amount used downstream.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_interest_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qdtgwndipzk7b4ph7ntho","dataset_version":"task1-v4","question":"An acquirer pays 538010 USD and issues 4556 shares valued at 193 USD per share. The acquiree's identifiable assets are land 286781 USD, inventory 145817 USD, and patents 114736 USD; assumed liabilities are borrowings 110966 USD and accounts payable 85097 USD. Ignore non-controlling interests, prior holdings, and deferred taxes. Compute goodwill = total consideration minus identifiable net assets.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total cash and share consideration.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Total identifiable assets.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Identifiable assets less assumed liabilities.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qew226fsz5hxaeadjhfc4","dataset_version":"task1-v4","question":"A company purchases an asset for 151140 USD with a useful life of 2 years. The useful life is one of 5, 6, 7, or 8 years, residual value is zero, and no switch to straight-line depreciation occurs during the first two years. Apply double-declining-balance depreciation at the exact annual rate 2 divided by useful life. Use the exact first-year carrying value in Year 2, do not round any intermediate value, and compute book value at the end of Year 2.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual DDB rate as a rational value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio_per_year"},"slot_id":"ddb_rate_trace"},{"description":"Exact first-year closing book value used downstream.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"year1_book_value_trace"},{"description":"Exact second-year depreciation used in the final subtraction.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"year2_depreciation_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qf4tgxw7b6bnom5mkmqhe","dataset_version":"task1-v4","question":"Revenue is 1159494 USD and current net income is 185646 USD. The target net profit margin is 19 percent, with revenue held constant. Compute the minimum additional net income needed to reach the target, floored at zero.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current net margin as a percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"trace_1"},{"description":"Net income required at the target margin.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qfds2w5qwh7mfi6wlzmmq","dataset_version":"task1-v4","question":"A company has 102.4 USD of quick assets excluding inventory and 118 USD of current liabilities. Its required post-transaction quick ratio is one plus positive uplift ratio 0.25. It can sell sufficient inventory at net recovery rate 0.8 of carrying amount. Fraction 0.6 of the recovered cash remains in quick assets, while the complementary fraction immediately repays current liabilities at par. The recovery rate is net of all modeled sale costs, and there are no other balance changes. What minimum inventory carrying amount must be sold to reach the required quick ratio exactly? Use exact arithmetic, round the independently displayed checkpoint to six decimals, and round the final USD amount to two decimals with half-up rounding; never feed the displayed checkpoint into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the target-weighted liability-repayment contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"liability_relief_weight_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_qhilw3bqxkpc7iyjavyco","dataset_version":"task1-v4","question":"An ESG project requires an initial investment of 108845 USD, a whole-dollar amount from 50000 through 200000 inclusive. It saves 5422 USD per month, a whole-dollar amount from 3000 through 12000 inclusive, incurs 32740 USD of annual operating cost, a whole-dollar amount from 15000 through 50000 inclusive, and receives 10928 USD per year, a whole-dollar amount from 5000 through 25000 inclusive. The project lasts 7 years, an integer from 3 through 7 inclusive. Assume all annual amounts are constant and ignore discounting. Compute ROI as total net savings over the term divided by initial investment, then multiplied by 100. Use exact arithmetic and round only the final percentage half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual net savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_net_savings_trace"},{"description":"Exact total net savings over the project term.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_net_savings_trace"},{"description":"Exact ROI ratio before percentage conversion.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"roi_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qhl5x4q6xbp4rjd7qh67o","dataset_version":"task1-v4","question":"An annually compounded account will total USD 14943 after 6 years at an annual rate of 9 percent. Infer P = A/(1 + r/100)^n, then compute interest A - P. Use exact arithmetic and round only the final interest.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual compound multiplier.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"growth_multiplier_trace"},{"description":"Implied starting principal.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"implied_principal_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qmn5ohiutx4jmq343ff32","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Initial budget in USD is 252. Annual growth ratio is 0.2. Whole-year count is 9. Growth factor equals one plus the ratio. Raise it to the positive integer year count, multiply by initial budget, and round only the final future budget half up to two decimals. Report the one-year factor and compounded multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report one-year growth factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_factor"},{"description":"Report compounded multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"compounded_multiple"}]}}
{"answer_spec":{"allowed_values":["Bullish","Neutral","Bearish"],"type":"enum"},"case_id":"t1_qnzrvm3xwmzlrqnibdhbs","dataset_version":"task1-v4","question":"The tweet and news average polarities use a scenario-defined scale from -1 to 1. The raw tweet signal is 15 times signed average polarity 0.6875. Under this scenario, it passes through exactly three sequential moderation stages with no replenishment between stages. At each stage, the same ratio u=0.2 of the surviving signed signal is removed, so each stage retains 1-u and the final retention factor is (1-u)^3. The news contribution is 7 times signed average polarity 1 times influence factor 7/11. Add the retained tweet contribution, the news contribution, and the separate signed dimensionless market signal 5. Classify the exact aggregate as Bullish when it is at least 9, Bearish when it is at most the negative of 14, and Neutral otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Bullish`, `Neutral`, `Bearish`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the signed-signal retention factor after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"tweet_retention_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qopyo2wusrwm2djywmqic","dataset_version":"task1-v4","question":"A fictional decentralized exchange charges one percentage fee and no other fee. The swap value is 1021 USD and the fee rate is 100.5 percent. Convert the percentage to a ratio and multiply it by the swap value. What fee is charged in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted swap fee ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"fee_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_qpdjacketf3emdud2kyxw","dataset_version":"task1-v4","question":"A product originally costs 195 USD per unit, a whole-dollar amount from 50 through 200 inclusive. Sustainable process changes reduce that cost by 15 percent, an integer from 5 through 15 inclusive, and add a fixed saving of 23 USD per unit, a whole-dollar amount from 5 through 20 inclusive. Annual production is 8625 units, an integer from 1000 through 10000 inclusive. The percentage and fixed savings are additive and both apply to every unit. Compute annual savings as annual units times the sum of original unit cost times the reduction ratio and the fixed unit saving. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact percentage-based saving per unit.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"percentage_saving_trace"},{"description":"Exact total saving per unit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"total_saving_per_unit_trace"}]}}
{"answer_spec":{"allowed_values":["Package A","Package B","Neither package"],"type":"enum"},"case_id":"t1_qqnkxyrxwuptj7rbdr7tc","dataset_version":"task1-v4","question":"A company begins with assets of 102 and liabilities of 21 in USD millions. Financing Package A adds equity proceeds of 49 and debt proceeds of 1872/31. Financing Package B adds equity proceeds of 29 and debt proceeds of 188/7. Under this scenario's internal three-stage leverage-covenant ratchet, the permitted liabilities-to-assets ceiling starts at 1.00. At each stage, the company reduces the remaining ceiling by the same fraction 0.2108766, so the final cumulative ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general accounting or regulatory rule. A package qualifies only if its post-financing equity is at least 108 and its exact liabilities-to-assets ratio does not exceed that final inclusive ceiling. Return the qualifying package with the lower exact ratio, choose Package A on an exact tie, or return Neither package when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Package A`, `Package B`, `Neither package`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-stage liabilities-to-assets cap factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_leverage_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_qqzciewnzrgot2wqgkyv6","dataset_version":"task1-v4","question":"A company reports current assets of 47559 USD and current liabilities of 21737 USD. Compute current ratio = current assets / current liabilities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qr6rlhdfkmcynvpvo6mto","dataset_version":"task1-v4","question":"Use exact arithmetic. Company A revenue is 413385 USD, Company B revenue is 382295 USD, the first-year synergy rate is 7 percent of combined revenue, and one-year integration cost is 63525 USD. Add the revenues, multiply the sum by the synergy-rate ratio, and subtract integration cost to obtain net first-year synergy benefit. A negative result represents a first-year net cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual revenue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Gross first-year synergy benefit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qrw2vodetnk4hb3vct2xw","dataset_version":"task1-v4","question":"A fictional banking summary has already aggregated three category totals: Category A is 252 USD, Category B is 245 USD, and Category C is 254 USD. First take the larger of A and B, then take the larger of that result and C. What is the highest category total in USD? Ties return the same numeric amount, so no tie-breaking label is needed.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Larger of the first two category totals.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"max_a_b_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qtczhqbqy5dk6h7wg2jia","dataset_version":"task1-v4","question":"A fictional two-asset portfolio holds 1613 USD in equities and 878 USD in bonds. Its target equity allocation is 61 percent. Convert target to a ratio, add the two holdings, multiply total value by target ratio, then subtract current equity value. What signed equity trade is required in USD, where positive means buy and negative means sell?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total portfolio value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_value_trace"},{"description":"Target equity value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"target_equity_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qtgycrlavrrcu7fd25eaq","dataset_version":"task1-v4","question":"A crypto asset starts at 254 USD per token and loses fraction 0.2 of its price in a global shock. The severe policy applies when that loss ratio is at least 0.3; otherwise the mild policy applies. After the shock, the severe policy increases the post-shock price by support ratio 0.25 and then deducts 131.25 USD per token. The mild policy increases it by support ratio 0.4 and then deducts 128.66 USD per token. Report the resulting net price using exact arithmetic and two-decimal half-up rounding only at the end.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of the initial price retained after the shock.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"post_shock_retention_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qtm4vxfa55cs2fw6r6myq","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=873460.75 USD. Signed credit and market shocks are qc=2 and qm=1 percent, with signed sensitivities sc=0 and sm=1. Compute credit impact=V*(qc/100)*sc, market impact=V*(qm/100)*sm, and their signed sum in USD. Use no intermediate rounding, then round only the final total half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact credit impact.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"credit_impact_trace"},{"description":"Exact market impact.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"market_impact_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qtnzmss42meglz3kz6qla","dataset_version":"task1-v4","question":"A fictional crypto transfer has gross value 988 USD and a fee of 99 percent. Convert the fee to a ratio, subtract it from one, and multiply by gross value. What net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retained_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_qvisyfmi47lrpiso4n3l6","dataset_version":"task1-v4","question":"A green bond has principal 19244 USD, a whole-dollar amount from 5000 through 20000 inclusive, and an annual yield of 5.22 percent, an exact decimal from 2.00 through 6.00 inclusive with at most two decimal places. Interest compounds annually for 7 years, an integer from 1 through 3 inclusive. Assume no interim cash flows or fees. Compute interest earned as principal times (1 plus the annual yield ratio) raised to years, minus principal. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"compound_factor_trace"},{"description":"Exact future value before subtracting principal.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"future_value_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_qvwwjzy4mw74sr3nyvtxc","dataset_version":"task1-v4","question":"Opening total liabilities are 859520 USD and equity is 453588 USD. During the period, the company repays 115609 USD of liabilities and incurs 182288 USD of new liabilities. Equity is unchanged. Compute closing debt-to-equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Liabilities after repayment and before new borrowing.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Closing liabilities after new borrowing.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_qzq6vyosye6wajj6ysjpw","dataset_version":"task1-v4","question":"Use exact arithmetic. Overlapping annual revenue at Company A is 585 USD million, overlapping annual revenue at Company B is 611 USD million, cross-selling uplift is 13 percent of combined overlap, and cannibalization loss is 2.5 percent of that same combined overlap. Gross synergy equals combined overlap times the synergy-rate ratio. Cannibalization loss equals combined overlap times the cannibalization-rate ratio. Net additional annual revenue equals gross synergy minus cannibalization loss.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined overlapping annual revenue.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Gross annual cross-selling revenue.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_r37hfzj4rzytmnqpgobn2","dataset_version":"task1-v4","question":"A household must cover essential outlays of 307.4, planned discretionary outlays of 196, and an emergency-reserve contribution of 99 while also saving 0.2 of total income in a separate savings commitment. Compute the exact minimum total-income threshold that meets all four commitments. Determine feasibility from the unrounded exact threshold, then report that threshold in USD rounded half up to two decimal places; the displayed amount is a reporting approximation of the exact minimum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined cash commitments before solving for income","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"cash_needs_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_r3zbejyqwf4t26h47utv4","dataset_version":"task1-v4","question":"A company starts with revenue 198 and then experiences a downturn ratio 0.5. It must reach target revenue 100.66 after recovery. Assuming the target exceeds the post-downturn revenue, compute the required recovery rate as the additional revenue needed divided by post-downturn revenue, and report that rate as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report revenue immediately after the downturn","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_r62j7tbgxblhyy7oxbbm6","dataset_version":"task1-v4","question":"Income tax expense is 25697 USD. Income taxes payable are 5352 USD at the start and 15663 USD at the end. Assume no other tax-related adjustments. Compute tax cash outflow = tax expense minus (closing payable minus opening payable).\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Closing less opening income taxes payable.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_r7jtnjlwpsxhac3k3cnje","dataset_version":"task1-v4","question":"A fictional banking app sends 978 USD and charges 101 percent of the transfer amount. Convert the percentage to a ratio, multiply by transfer amount to obtain the fee, then add fee to transfer amount. What total amount is deducted in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact transfer fee amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"fee_amount_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_rbc44fg3fur4lst4uaupw","dataset_version":"task1-v4","question":"A sentiment model must reach a total score of 36.164178. Its news contribution equals 25 multiplied by average news polarity 6/19 and influence factor 1.50989142. Its tweet contribution equals 24 multiplied by average tweet polarity 39/23 and an unknown engagement ratio. The total score is the sum of these two contributions. What engagement ratio reaches the target? Report the required ratio using half-up rounding to six decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 6 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the weighted news contribution.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"news_score_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rbtphprcatfwvorrd6j2y","dataset_version":"task1-v4","question":"Income tax expense is 24450 USD. Income taxes payable are 5617 USD at the start and 8602 USD at the end. Assume no other tax-related adjustments. Compute tax cash outflow = tax expense minus (closing payable minus opening payable).\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Closing less opening income taxes payable.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_rcgproveg4ep3nmbjuez4","dataset_version":"task1-v4","question":"An ESG project requires an initial investment of 181768 USD, a whole-dollar amount from 50000 through 200000 inclusive. It saves 10007 USD per month, a whole-dollar amount from 3000 through 12000 inclusive, incurs 41037 USD of annual operating cost, a whole-dollar amount from 15000 through 50000 inclusive, and receives 22742 USD per year, a whole-dollar amount from 5000 through 25000 inclusive. The project lasts 13 years, an integer from 3 through 7 inclusive. Assume all annual amounts are constant and ignore discounting. Compute ROI as total net savings over the term divided by initial investment, then multiplied by 100. Use exact arithmetic and round only the final percentage half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual net savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_net_savings_trace"},{"description":"Exact total net savings over the project term.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_net_savings_trace"},{"description":"Exact ROI ratio before percentage conversion.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"roi_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rcwon2mk5ggowsctzlozc","dataset_version":"task1-v4","question":"A portfolio must keep the sum of market-shock loss and liquidity-spread cost within 9. The market shock ratio is 0.05, its loss sensitivity is 0.25, and the liquidity spread ratio is 0.1. Both loss components scale with the same portfolio value. Compute the maximum portfolio value that exactly exhausts the combined loss budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market-shock loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"market_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_reh5ktvawuoyja5hh4g3u","dataset_version":"task1-v4","question":"A company purchases an asset for 50759 USD with a useful life of 12 years. The useful life is one of 5, 6, 7, or 8 years, residual value is zero, and no switch to straight-line depreciation occurs during the first two years. Apply double-declining-balance depreciation at the exact annual rate 2 divided by useful life. Use the exact first-year carrying value in Year 2, do not round any intermediate value, and compute book value at the end of Year 2.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual DDB rate as a rational value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio_per_year"},"slot_id":"ddb_rate_trace"},{"description":"Exact first-year closing book value used downstream.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"year1_book_value_trace"},{"description":"Exact second-year depreciation used in the final subtraction.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"year2_depreciation_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rf2v3lulrg5pplys6iqx2","dataset_version":"task1-v4","question":"A project costs USD 9770 now and generates USD 2071 at each year-end for four years. It also has USD 1227 of salvage at the end of year four. At an annual discount rate of 11 percent, discount four separate savings payments, combine the fourth saving with salvage before discounting, sum all present values, and subtract the initial investment. Use exact arithmetic throughout.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined year-four savings and salvage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"year_four_total_trace"},{"description":"Present value of the year-four total.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_year_four_trace"},{"description":"Total present value of benefits.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_pv_trace"}]}}
{"answer_spec":{"allowed_values":["plan_a","plan_b","neither_plan"],"type":"enum"},"case_id":"t1_rfhtocnkbut7d3o7436uk","dataset_version":"task1-v4","question":"Compare two capital plans for a company with current debt 99 and current equity 99. Under this scenario's internal three-stage leverage-covenant ratchet, the permitted debt-to-equity ceiling starts at 1.00. At each stage the company reduces the remaining ceiling by the same fraction t=0.2999997, so the final shared ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general regulatory rule. Plan A adds borrowing 49 and equity 203. Plan B repays debt 11 and adds equity 49. A plan qualifies only when its exact post-transaction ratio does not exceed the final ceiling. Return exactly `plan_a`, `plan_b`, or `neither_plan`: select the qualifying plan with the lower exact ratio, use `plan_a` on an exact tie, and use `neither_plan` if neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `plan_a`, `plan_b`, `neither_plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the leverage ceiling remaining after one covenant-ratchet stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_leverage_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_rflnay3x6yttet3io3kyo","dataset_version":"task1-v4","question":"Net sales are 1399694 USD, beginning total assets are 1752120 USD, and ending total assets are 2082158 USD. Use the arithmetic mean of beginning and ending assets. Compute asset turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Arithmetic mean of beginning and ending assets.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"allowed_values":["Call","Put","Neither"],"type":"enum"},"case_id":"t1_rfrb3wvbkigy47owegk4u","dataset_version":"task1-v4","question":"Compare one-unit cash-settled vanilla call and put contracts on the same underlying and expiration. All USD amounts are per share. The exhaustive subjective scenarios have bullish terminal price 157 and lower bearish terminal price 39, with bullish probability 0.4. Each generated strike lies strictly between the two prices. Thus the call with strike 79 pays its bull-state intrinsic value and zero in the bear state, while the put with strike 137.825 pays zero in the bull state and its bear-state intrinsic value. Subtract call premium 4 and put premium 11 once from their respective probability-weighted payoffs. Use undiscounted simple terminal profit and ignore financing, discounting, dividends, and transaction costs. A strategy qualifies only if exact expected profit is at least 19 and exact worst-state profit is at least -11. Return the qualifying strategy with higher exact expected profit, choose Call on an exact tie, or return Neither when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Call`, `Put`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the positive bull-state call payoff rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"call_payoff_checkpoint"},{"description":"Report the positive bear-state put payoff rounded half up to cents","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"put_payoff_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_rgj7w6ogxokpsxsc4oosq","dataset_version":"task1-v4","question":"A two-year bond has face value USD 4612 and trades exactly at par, so its current clean price equals face value. It pays one annual coupon at each year end at a rate of 14 percent of face value, with the second coupon paid together with principal. Under annual compounding, a par bond's effective annual YTM equals annual coupon divided by face value. Compute that exact YTM percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Exact par-bond yield ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"ytm_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_rhbogqftjljga227dcaak","dataset_version":"task1-v4","question":"A company forecasts net income of 207 and must first retain 66, with all monetary amounts in USD millions. Under this fictional internal policy, dividend authorization starts at 100% of distributable earnings and passes through exactly three sequential payout-ratchet stages. Each stage reduces the remaining authorized share by the same fraction t=0.18765433, so the policy limit is distributable earnings times (1-t)^3. The liquidity plan separately caps the cash dividend at 58.88. Determine the exact maximum total cash dividend satisfying both limits, then report it rounded half up to two decimals in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the authorized payout share remaining after one ratchet stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_payout_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rjgiglpwirt6yfiq6z4ko","dataset_version":"task1-v4","question":"A bond has quoted clean price 99 and will pay redemption cash 59 over the planned holding period. The investor also pays settlement cost 3, defined as all acquisition cash beyond the clean quote, including accrued interest and fees where applicable; do not add those amounts again. Define total acquisition outlay as clean price plus settlement cost and holding-period return as (aggregate coupon cash plus redemption cash minus total acquisition outlay) divided by total acquisition outlay. Determine the minimum aggregate coupon cash that exactly meets target return ratio 0.4, and report it in USD rounded half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report clean price plus all additional acquisition cash independently","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"acquisition_outlay_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_rjgt7k2crinvmnjczuzha","dataset_version":"task1-v4","question":"Evaluate a simplified full-year run-rate after a stylized acquisition. The acquirer's predeal common shares have aggregate reference equity value 508 at one fixed contractual share price. Upfront base consideration is 101, excluding the earnout; 0.5 is paid in cash and the remainder in common shares. A fully realized earnout with settlement value 51, incremental to the base consideration, is settled entirely in common shares at the same unchanged price, and every deal share is outstanding for the full year. The entire upfront cash leg is debt-funded at annual pre-tax interest rate 0.1. Same-period standalone after-tax net income is 101 for the acquirer and 9 for the target; target net income excludes the separately stated recurring annual pre-tax synergies of 18. With tax rate 0.2, after-tax synergies and interest each equal their pre-tax amount times one minus that rate, and the full interest tax shield is usable. Ignore purchase-accounting amortization, transaction and integration costs, share weighting, price reaction, and all other share or earnings changes. Determine adjusted EPS accretion or dilution versus the acquirer's standalone EPS as a percentage; positive means accretion and negative means dilution.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report new deal shares as a ratio of the predeal common-share base","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"deal_share_issuance_checkpoint"},{"description":"Report annual pre-tax interest on the debt-funded upfront cash leg","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"pretax_interest_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_rkifn5njawtkyqs6ajy22","dataset_version":"task1-v4","question":"Two teams independently prepared operating cash-flow schedules for the same reporting period, so classification or data-quality differences may make them disagree. The indirect schedule starts with after-tax net income 179.19, adds nonoverlapping depreciation 45.353 and amortization 54.996, subtracts the cash uses from an increase in accounts receivable 13.71, an increase in inventory 19.048, and a decrease in accounts payable 27.12, then adds an increase in accrued liabilities excluding income taxes payable 85.932 and an increase in income taxes payable 69.885. The direct schedule subtracts non-tax operating cash payments 55.9 and cash income taxes paid 32.92 from operating cash receipts 325. Normalize each schedule's operating cash flow by reported revenue 1228. This scenario defines a fictional reconciliation score as the mean of those two margins minus the square of their signed difference. It is a scenario-local diagnostic, not a GAAP, IFRS, or standard audit metric. Report the score as a percentage. All monetary inputs are USD millions for the same period; use exact arithmetic and round only the final percentage to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute total noncash depreciation and amortization charges","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"noncash_charges_checkpoint"},{"description":"Compute cash uses from the three working-capital movements","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"working_capital_cash_uses_checkpoint"},{"description":"Compute non-tax operating cash payments plus cash income taxes paid","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"direct_cash_uses_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_rmhfqq54omztans6ztbri","dataset_version":"task1-v4","question":"USD 5593 earns an annual compound return of 9 percent for 10 years. Compute ending value = P(1+r/100)^n, profit = ending value - P, and ROI = profit/P x 100 percent. This is total holding-period ROI, not annualized ROI. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound growth multiplier.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"growth_multiplier_trace"},{"description":"Investment ending value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_value_trace"},{"description":"Compound investment profit.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"investment_profit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rmoj33alzoqn4lovw2p5m","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local calculation, with no legal conclusion. Share count is 22. Purchase price per share in USD is 8. Sale price per share in USD is 9.205. Subtract purchase price from sale price, multiply by share count, and round only the final signed gain half up to two decimals. Report gain per share and exact total.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report signed gain per share.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"gain_per_share"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_rnfe3eoy6gvifjd53r3la","dataset_version":"task1-v4","question":"Before conversion, total liabilities are 91215 USD and equity is 55969 USD. Convertible debt of 29744 USD is fully converted: liabilities decrease and equity increases by that same amount. Compute debt-to-equity after conversion.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Liabilities after conversion.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Equity after conversion.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_rojb2hot6albweuovbokm","dataset_version":"task1-v4","question":"A sustainability report gives annual energy expenditure 513 and an achieved energy-reduction ratio 0.2. Annual waste-management expenditure is 201. To reach the combined annual savings target 141.42, compute the waste-cost reduction rate that must be reported, expressed as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report savings contributed by energy reduction","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"energy_savings_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_rpfe6f7lavo2wnwox2geq","dataset_version":"task1-v4","question":"An asset costs 101237 USD, has an estimated residual value of 18786 USD, and has a useful life of 14 years. Assume straight-line depreciation and no partial-year convention. Compute annual depreciation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Cost less residual value.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"case_id":"t1_rptzqecm7up7bw6kmuydk","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio policy. Asset A weight is 0.25. Asset B weight is 0.75. Asset A risk points are 7. Asset B risk points are 3. Concentration penalty points are 2. Use weights directly without normalization. Base risk is the sum of weight-times-risk components. Concentration applies when the larger weight is at least 0.6, including equality; then add the penalty, otherwise add zero. Round only the final risk score half up to two decimals. Report base risk, concentration condition, and applied penalty.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `risk_point` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact base risk.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"base_risk_score"},{"description":"Report concentration condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"concentration_condition"},{"description":"Report applied penalty.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"applied_penalty_points"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_rq4y6loazf54xhcfyao22","dataset_version":"task1-v4","question":"Apply the fictional scenario-local planning rule stated here, not current law or regulatory guidance. A bank begins with eligible capital 162.5, Tier 1 capital 49.8259, risk-weighted assets 978, total exposure 493, high-quality liquid assets 52.0445, and total net cash outflows 409, all in USD millions. The scenario supplies minimum capital ratio 0.1, capital buffer ratio 0.05, minimum leverage ratio 0.09, and minimum liquidity ratio 0.12 as decimal ratios. One dimensionless common stress activity x decreases eligible capital by 3*x and Tier 1 capital by 2*x, while increasing risk-weighted assets by 9*x, exposure by 11*x, reducing HQLA by 2*x, and increasing net cash outflows by 9*x. Each stress coefficient is the USD-million adverse change caused by one unit of x. Add the minimum capital ratio and buffer ratio to obtain k. Solve exactly for the positive x at which each constraint first binds: (starting_eligible_capital-k*risk_weighted_assets)/(eligible_capital_loss_per_stress_unit+k*risk_weighted_assets_increase_per_stress_unit), (tier_one_capital-minimum_leverage_ratio*total_exposure)/(tier_one_capital_loss_per_stress_unit+minimum_leverage_ratio*total_exposure_increase_per_stress_unit), and (high_quality_liquid_assets-minimum_liquidity_ratio*total_net_cash_outflows)/(hqla_loss_per_stress_unit+minimum_liquidity_ratio*net_cash_outflows_increase_per_stress_unit). Return the smallest of the three capacities as the maximum common stress activity allowed by all constraints, in stress multiples using half-up rounding to two decimals. Independently report k using half-up rounding to six decimals; use its exact unrounded value downstream.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined capital requirement ratio independently.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"combined_capital_requirement_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rqcn3xgf54u3ofsiwdgxy","dataset_version":"task1-v4","question":"A fictional local scenario supplies all impacts. The initial price is 2467 USD; signed liquidity, geopolitical, and regulatory impacts are 11, -0.0146, and 0.0139 percent. The local policy clips their sum between -11 and 11 percent. Sum the three impacts, take the larger of that sum and the floor, then the smaller of that result and the cap. Convert the clipped percent to a ratio, add one, and multiply by the initial price. What is the final price in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Raw sum of signed impacts.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"raw_impact_trace"},{"description":"Impact after applying both bounds.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"clipped_impact_trace"},{"description":"Exact multiplier applied to price.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"price_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_rrgldtd2bfr6tt3b2e24q","dataset_version":"task1-v4","question":"All measures refer to the same annual diligence review period. Verified recurring EBITDA before the proposed adjustment is 61. Reported operating cash flow is 39, including a temporary working-capital release of 3 and a one-time tax refund of 2 that the reviewer removes. The internal screen requires normalized operating cash flow divided by EBITDA after the proposed noncash management add-back of 11 to be at least 0.5. Assume the proposed add-back has no operating-cash-flow effect. Solve for the maximum noncash add-back supported by this scenario-local screen, then report the signed headroom relative to the proposed add-back. A positive result means unused screening capacity and a negative result means the proposal exceeds the screen. This is an internal scenario calculation, not validation or approval of the add-back.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Remove the temporary working-capital release from reported operating cash flow","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"cash_flow_after_working_capital_checkpoint"}]}}
{"answer_spec":{"allowed_values":["assured","review_required"],"type":"enum"},"case_id":"t1_rttnucw5hjs3kzvsotbyc","dataset_version":"task1-v4","question":"A completed independent assurance engagement checks reported energy savings 984 against audited energy savings 1614 and reported waste-management savings 812 against audited waste-management savings 818. Under this scenario, the per-layer tolerance ratio 0.1499997 applies at exactly three sequential multiplicative audit-adjustment layers. Starting from each reported amount, every layer multiplies the current lower bound by 1-t and the current upper bound by 1+t, so the audited amount is compared once against the final inclusive envelope reported*(1-t)^3 through reported*(1+t)^3. Audit coverage 0.9 must reach 0.8, and true indicates that the completed engagement covered both metrics and issued an unmodified conclusion. Return assured only when every condition holds; otherwise return review_required.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `assured`, `review_required`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-layer lower tolerance factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"lower_stage_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rv2hjako2wp7k4hx564ly","dataset_version":"task1-v4","question":"A fictional transfer of 3712 USD is evaluated against an original local threshold of 2563 USD. The threshold receives a signed adjustment of 51 percent. Convert the adjustment to a ratio, multiply the original threshold by one plus that ratio, subtract the adjusted threshold from the transfer, and take the larger of the difference and zero. What is the nonnegative excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact adjusted threshold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"adjusted_threshold_trace"},{"description":"Signed excess before the zero floor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_rwshhlxkiu35yutiagxvs","dataset_version":"task1-v4","question":"A fictional robo-advised portfolio is worth 985 USD and pays an advisory fee of 1 percent of assets. Convert the fee to a ratio and multiply portfolio value by one minus that ratio. What is the portfolio value after the fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction retained after advisory fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"keep_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_rxjv3dlef7ceur3nke2ke","dataset_version":"task1-v4","question":"Estimate a target company's levered equity beta from two equally weighted comparable companies using the zero-debt-beta Hamada convention. Comparable A has levered beta 1.0631520027, debt market value 2444.0000375 USD, common-equity market value 9743 USD, and marginal corporate tax rate 0.2. Comparable B has corresponding values 1.52, 5933 USD, 11814 USD, and 0.2. The target has debt market value 5735 USD, common-equity market value 15226 USD, and tax rate 0.2. For each comparable, divide observed levered beta by [equity plus (one minus tax rate) times debt] divided by equity. Take the unweighted arithmetic mean of the two unlevered betas, then multiply by the target company's factor of the same form. Assume debt beta is zero, interest tax shields are fully usable and stable, all debt and equity values are contemporaneous market values, and the comparable betas use the same market benchmark and estimation period. Ignore preferred stock, hybrids, cash, non-operating assets, and other beta adjustments. Report the target levered beta using exact arithmetic, independently round the two checkpoints and final to four decimals with half-up rounding, and never feed displayed checkpoints into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report comparable A's tax-adjusted debt term used in its Hamada factor.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"comparable_a_tax_adjusted_debt_checkpoint"},{"description":"Report comparable B's tax-adjusted debt term used in its Hamada factor.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"comparable_b_tax_adjusted_debt_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_rzup6jd4lerurthup7bhs","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local prudential policy. Tier 1 capital is 30.4 USD million. Exposure is 1021 USD million. Total capital is 106 USD million. Risk-weighted assets are 993 USD million. Liquidity assets are 99 USD million. Net outflows are 98 USD million. Leverage must be at least 3 percent, total capital at least 10.5 percent of RWA, and liquidity at least 100 percent of outflows. All three must hold. Report each Boolean condition before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report leverage condition.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"leverage_met"},{"description":"Report capital condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"capital_met"},{"description":"Report liquidity condition.","position":3,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"liquidity_met"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_s3fvajqs27ijmvvihjrim","dataset_version":"task1-v4","question":"Cash proceeds from issuing equity are 422133 USD and proceeds from issuing debt are 597471 USD. Debt repayments are 315701 USD and dividends paid are 122860 USD. Treat the latter two as positive outflow magnitudes. Compute net cash flow from financing activities.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total financing cash inflows.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Total financing cash outflows.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_s5hvczow5kspulpgr3zgs","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan calculation. Scheduled monthly payment in USD is 255. Extra monthly payment in USD is 0. Positive integer month count is 11. Add the two monthly payments, multiply by month count, and round only the final paid total half up to two decimals. Report combined monthly payment and exact total.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report combined monthly payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_month"},"slot_id":"combined_monthly_payment"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_s7avk4faqax2qnlkm5nx6","dataset_version":"task1-v4","question":"A company has market-value common equity E of 56 USD million and market-value interest-bearing debt D of 36 USD million. Its common-equity beta is 1, the annual nominal risk-free rate rf is 2.5 percent, the expected annual nominal market return rm is 8.5 percent, the annual nominal pretax debt cost kd is 6 percent, and the corporate tax rate T is 26.5 percent. The market return is greater than the risk-free rate. Let ke=rf+beta*(rm-rf), V=E+D, wE=E/V, wD=D/V, and WACC=wE*ke+wD*kd*(1-T/100). Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact expected market risk premium.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"market_risk_premium_percent"},{"description":"Exact CAPM common-equity cost percentage.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"capm_equity_cost_percent"},{"description":"Exact debt capital weight.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"debt_weight"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_sa54n7mfkcbflsmp64nuq","dataset_version":"task1-v4","question":"Use exact arithmetic on a 365-day year. Net income is 6761172 USD, preferred shares are 37597, the quarterly preferred dividend is 2.5 USD per share, beginning common shares are 863232, shares repurchased are 51944, and the repurchased shares were absent for 373 inclusive days. Disclosed inputs make net income exceed annual preferred dividends, buyback shares less than beginning shares, and days not outstanding an integer from 1 through 365. Annualize preferred dividends over four quarters. Weighted-average common shares equal beginning shares minus buyback shares times days not outstanding divided by 365. Divide common earnings by exact weighted-average shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual preferred dividends.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Exact weighted-average common shares after the buyback.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_scfp33xvy3py4tzimd5d4","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio calculation. Portfolio value in USD is 2526. Target asset ratio is 0.2. Asset amount equals portfolio value times the ratio. Remaining ratio equals one minus the ratio, and remaining amount equals portfolio value times remaining ratio. Round only the final asset amount half up to two decimals. Report exact asset and remaining amounts.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact remaining amount.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"remaining_amount_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_seeehgykadelu7yfmstlg","dataset_version":"task1-v4","question":"A project costs USD 12613 now and pays USD 2518, USD 2760, USD 3127, and USD 3522 at the ends of years one through four. A cleanup outflow of USD 1013 also occurs at the end of year four. The annual discount rate is 0 percent. Discount every dated cash flow exactly, subtract the initial investment and the discounted cleanup cost, and round only the final NPV.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total PV of operating inflows.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_pv_trace"},{"description":"Present value of cleanup outflow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_cleanup_trace"},{"description":"Value after subtracting initial investment, before cleanup.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"after_initial_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_sgpfpswyguf67ocvapxyw","dataset_version":"task1-v4","question":"An account starts with USD 3017, earns a nominal annual rate of 5 percent, and compounds annually for 2 years. Using exact arithmetic, compute A = P(1 + r/100)^n and then compound interest A - P. Do not round intermediate values.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Ending account balance before final subtraction.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"},{"description":"Exact compound growth multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"growth_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_shl7mmkzhxagnb2pgme2m","dataset_version":"task1-v4","question":"An account starts with USD 17019. After 7 years, an additional USD 1214 is deposited. The annual compound rate is 0 percent, and the account then remains invested for 8 more years. Compute the ending value of each contribution separately, add them, and subtract both contributions. Use exact arithmetic and round only the final interest.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Ending value of the initial principal.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"initial_ending_trace"},{"description":"Ending value of the later deposit.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"deposit_ending_trace"},{"description":"Combined ending balance.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_sia6kb22l4lykdjxq3t2s","dataset_version":"task1-v4","question":"A fictional local sentiment model uses a normalized volume-change signal of 13/17 and a sensitivity multiple of 2.6. Multiply the signal by the sensitivity. What is the resulting dimensionless volume-sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_sitqhalr3c7optsmlfkiy","dataset_version":"task1-v4","question":"A fictional token begins with 1117428 units at 1008.5 USD per token. The protocol first burns 2 percent of initial supply, then emits 2 percent of the post-burn supply. A local signed market reaction changes price by -1 percent. Convert the percentages to ratios. Adjusted supply equals initial supply times one minus burn ratio times one plus emission ratio. Adjusted price equals initial price times one plus reaction ratio. What is the final market cap in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Supply after burn.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"post_burn_supply_trace"},{"description":"Supply after emission.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"adjusted_supply_trace"},{"description":"Price after market reaction.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"adjusted_price_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":0,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_skxzjpfqrsw25tn463ti4","dataset_version":"task1-v4","question":"A token has 1020 units outstanding and will burn 94 units. After the burn, the token is expected to trade at 1 USD per unit, and this price is assumed to remain unchanged when additional units are emitted. If total market capitalization must not exceed 2462 USD, first compute the market cap of the current supply at that expected price, express it as a multiple of the ceiling, and use that multiple to recover the ceiling-compatible total supply. What is the maximum number of additional token units that may be emitted after the burn? Carry all arithmetic exactly, then report the result using half-up rounding to the nearest whole token.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 0 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-supply benchmark market cap as a multiple of the market-cap ceiling.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"ceiling_utilization_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_sleecy6wabuunvejabl3w","dataset_version":"task1-v4","question":"A company has current debt of 94 and current equity of 49.47. It plans additional borrowing of 58 and a debt repayment of 26. Determine the exact minimum new equity injection required after both debt actions so that the debt-to-equity ratio equals the permitted ceiling 1. Use full precision for the ratio equation, then report the injection rounded to two decimals in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report debt immediately after the planned borrowing and before repayment","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"debt_after_borrowing_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_snbjumosphy7ffiitku5q","dataset_version":"task1-v4","question":"Apply the fictional scenario-local planning rule stated here, not current law or regulatory guidance. A bank begins with eligible capital 140.262982, Tier 1 capital 52.69, risk-weighted assets 1016, total exposure 493, high-quality liquid assets 40.3774, and total net cash outflows 407, all in USD millions. The scenario supplies minimum capital ratio 0.08, capital buffer ratio 0.0524683, minimum leverage ratio 0.1, and minimum liquidity ratio 0.08 as decimal ratios. One dimensionless common stress activity x decreases eligible capital by 3*x and Tier 1 capital by 0.5*x, while increasing risk-weighted assets by 9*x, exposure by 9*x, reducing HQLA by 0.5*x, and increasing net cash outflows by 9*x. Each stress coefficient is the USD-million adverse change caused by one unit of x. Add the minimum capital ratio and buffer ratio to obtain k. Solve exactly for the positive x at which each constraint first binds: (starting_eligible_capital-k*risk_weighted_assets)/(eligible_capital_loss_per_stress_unit+k*risk_weighted_assets_increase_per_stress_unit), (tier_one_capital-minimum_leverage_ratio*total_exposure)/(tier_one_capital_loss_per_stress_unit+minimum_leverage_ratio*total_exposure_increase_per_stress_unit), and (high_quality_liquid_assets-minimum_liquidity_ratio*total_net_cash_outflows)/(hqla_loss_per_stress_unit+minimum_liquidity_ratio*net_cash_outflows_increase_per_stress_unit). Return the smallest of the three capacities as the maximum common stress activity allowed by all constraints, in stress multiples using half-up rounding to two decimals. Independently report k using half-up rounding to six decimals; use its exact unrounded value downstream.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined capital requirement ratio independently.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"combined_capital_requirement_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_snja7i72us4ld65yncxac","dataset_version":"task1-v4","question":"A crypto asset is currently priced at 161 USD per token after a global shock reduced its pre-shock price by loss ratio 0.2. A subsequent liquidity response increased the resulting post-shock price by a rebound ratio equal to 4/3 times the shock loss ratio. What was the price immediately before the shock? Apply the loss and rebound sequentially using exact arithmetic, and round only the final price to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the rebound ratio implied by the relative-magnitude input.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"rebound_ratio_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Plan A","Plan B","Neither plan"],"type":"enum"},"case_id":"t1_sodiwdfc6a332dm5fssue","dataset_version":"task1-v4","question":"Apply the fictional scenario-local compliance planning policy given here, not current law or regulatory guidance. Inherent risk is 0.8. Plan A has per-stage fractional risk reduction 0.2999995, implementation cost 51 USD, monitoring cost 26 USD, and fractional cost credit 0.2. Plan B has per-stage fractional risk reduction 0.4, implementation cost 61 USD, monitoring cost 41 USD, and fractional cost credit 0.2. For each plan, apply its stated reduction to surviving risk in exactly three sequential stages with no risk replenishment; equivalently, multiply inherent risk by one minus that plan's per-stage fraction three successive times. Net cost equals the sum of implementation and monitoring costs multiplied by one minus its credit fraction. A plan qualifies only if residual risk is no more than 0.22360029400021005 and net cost is no more than 71 USD. If both qualify, choose the lower exact net cost, with Plan A on an exact tie. If only one qualifies, choose it; otherwise return Neither plan. Report Plan A's one-stage retained-risk factor independently to six decimal places, and return the selected plan from exact predicates and costs.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Plan A`, `Plan B`, `Neither plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Plan A's retained-risk factor after one of the three identical sequential reduction stages.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"plan_a_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_spaqgvnhbrk6ltfltijyu","dataset_version":"task1-v4","question":"A fictional exchange uses a local listing-fee rule. Its current fee is 1015 USD, the disclosed increase is 2 percent, and a fixed filing supplement of 1 USD is also added. Convert the percentage to a ratio. The total increase equals current fee times that ratio plus the supplement. What is the total increase in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted fee increase ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"increase_ratio_trace"},{"description":"Variable portion of the increase.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"percentage_increase_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_sqqc5frf3fx4jybt5yh4u","dataset_version":"task1-v4","question":"Use exact arithmetic. Year-1 free cash flow is 923580 USD, annual forecast growth is 7 percent for Years 2 through 5, discount rate is 14.5 percent, and perpetual terminal growth is 3.5 percent. Disclosed inputs always satisfy discount rate greater than terminal growth. For each year t from 1 through 5, FCF_t equals Year-1 FCF times one plus forecast growth to power t minus 1, and present value equals FCF_t divided by one plus discount rate to power t. Terminal value at the end of Year 5 equals FCF_5 times one plus terminal growth divided by discount rate minus terminal growth. Enterprise value equals the sum of the five present values plus terminal value discounted for five years.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact free cash flow for Year 5.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Gordon-growth terminal value at end of Year 5.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_stqxfaeekynqs5hbj7z6i","dataset_version":"task1-v4","question":"Revenue is 711360 USD, cost of goods sold is 367961 USD, and operating expenses excluding cost of goods sold are 155448 USD. Compute operating profit margin = (revenue minus both cost categories) / revenue, expressed as a percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Revenue less cost of goods sold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Operating profit after both cost categories.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_sunnsnluw5qcghyd2nr3i","dataset_version":"task1-v4","question":"A three-year bond has face value USD 2528, pays an annual coupon equal to 5 percent of face value at each year end, and has an effective annual yield of 6 percent. Discount the year-one coupon by (1+y), the year-two coupon by (1+y)^2, and the year-three coupon plus face value by (1+y)^3, then sum exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Annual coupon payment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"annual_coupon_trace"},{"description":"Final coupon plus face value.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"terminal_cash_flow_trace"},{"description":"PV of final cash flow.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_terminal_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_svrvd5s2blweffeyuhzn2","dataset_version":"task1-v4","question":"Use exact arithmetic. Original debt is 234 USD million, equity is 395 USD million, asset sale price is 216 USD million, and transaction cost is 14 USD million. The disclosed inputs always satisfy transaction cost no greater than sale price. Net proceeds equal sale price minus transaction cost. All net proceeds repay debt, with adjusted debt floored at zero. Divide adjusted debt by equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Net cash proceeds available for debt repayment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Debt remaining after repayment, floored at zero.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_sxob4n7ccznlsqnkgymde","dataset_version":"task1-v4","question":"A fictional cross-exchange transfer starts at 163408 USD. The destination deducts 3 percent, then a local settlement policy applies an additional haircut of 0 percent to the post-fee amount. The whale threshold is 157427 USD. Convert both percentages to ratios; multiply gross amount by one minus the fee ratio and then by one minus the haircut ratio; subtract the threshold; take the larger of the difference and zero. What is the net excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Amount after exchange fee.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"post_fee_trace"},{"description":"Amount after the settlement haircut.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"effective_amount_trace"},{"description":"Signed excess before zero floor.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_excess_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_szup7qxxgl4pgslh4k4jg","dataset_version":"task1-v4","question":"A fictional monitoring batch contains transfers of 1169, 1159, and 1208 USD and uses the same local threshold of 1125 USD for each. For every transfer subtract the threshold and take the larger of that difference and zero. Sum the three nonnegative excesses. What is the total excess in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Nonnegative excess for transfer one.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_one_trace"},{"description":"Nonnegative excess for transfer two.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_two_trace"},{"description":"Nonnegative excess for transfer three.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"excess_three_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_t3zfwvrftsc4mop4iwnce","dataset_version":"task1-v4","question":"An investment requires 9371/14 at time 0 and has unchanged tax basis 336. It pays the after-tax distribution 276 at the end of year 1 without changing that basis. At the end of year 2 it is sold for 6155/9; selling costs equal the fraction 0.1 of gross price, and capital-gains tax equals 0.2 of the positive gain measured as net sale proceeds after selling costs minus tax basis. Starting from annual effective trial rate 0.12, evaluate exact NPV and form one positive Newton-Raphson correction using the negative-derivative magnitude. Apply the fixed absolute rate-step cap 0.04, add the smaller of the raw correction and cap to the trial rate, and report the result as an annual percentage. Do not iterate again or describe the result as an exact IRR or a complete adaptive trust-region method.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report year-2 net sale proceeds after proportional selling costs and before gain tax.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_after_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"case_id":"t1_t4h4x4joeg6lwyrr4ebv6","dataset_version":"task1-v4","question":"For one reporting period, a company reports gross profit of 82360 USD and total operating expenses of 10098 USD. The operating-expense amount includes every charge to be deducted between gross profit and operating profit, with no separate depreciation, amortization, or other operating charge remaining. Compute operating profit as gross profit minus operating expenses.\n\nAnswer format: return only the exact numeric value interpreted in `usd`, using finite-decimal notation when it terminates in base 10 and an irreducible `numerator/denominator` fraction otherwise, with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_t4tuldk2agwfimvw3o5nw","dataset_version":"task1-v4","question":"A company reports cash of 17773 USD and accounts payable of 8869 USD. Compute cash minus accounts payable. Report a negative amount when payables exceed cash.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_t5f4hrrsw5dj7ft2hutmy","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local document matrix, not current law or general KYC guidance. The submitted document is employee_id. The requested use is address_verification. The identifiers passport and student_id are identity_only. The identifiers utility_bill, bank_statement, and rental_agreement are address_only. The identifier drivers_license is dual_purpose. The identifiers employee_id and national_id_card are unsupported. The purpose identity_verification accepts identity_only or dual_purpose; the purpose address_verification accepts address_only or dual_purpose. Classify the document category and determine whether it is valid for the requested use.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the scenario-local document category.","position":1,"result_spec":{"allowed_values":["identity_only","address_only","dual_purpose","unsupported"],"type":"enum"},"slot_id":"document_category"}]}}
{"answer_spec":{"allowed_values":["Hold","Investigate","Routine monitoring"],"type":"enum"},"case_id":"t1_tb7e5dwqjsvdqbbihv52w","dataset_version":"task1-v4","question":"Apply the fictional scenario-local monitoring policy given here, not current law or regulatory guidance. Current-window activity consists of 26 and 36, while comparable historical-window activity was 39. Define the current-volume growth ratio as (daytime volume + overnight volume - historical-window volume) divided by historical-window volume; its strict trigger threshold is 2. Transfers involving the scenario's elevated-risk corridor total 29. The baseline corridor threshold is 63. At each of exactly three sequential adjustment stages, reduce the surviving threshold by fraction 0.25 of its then-current value, with no replenishment between stages; the effective threshold is the baseline multiplied by one minus that fraction three successive times. The scenario also records a rapid-velocity flag of true, an incomplete-originator flag of false, and a mandatory-hold flag of false. The investigation trigger is true when both the growth threshold and effective corridor threshold are strictly exceeded, or when either metadata flag is present. Return Hold when the investigation trigger and mandatory-hold flag are both true; otherwise return Investigate when the investigation trigger is true; otherwise return Routine monitoring. Report the one-stage corridor-threshold retention factor independently using half-up rounding to six decimals, then return the exact policy action.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Hold`, `Investigate`, `Routine monitoring`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the corridor-threshold fraction retained after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"corridor_threshold_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tbrqmq2nbec6ruxjqokda","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=470789.75 USD; market risk is a=4 percent; credit risk is b=1 percent; liquidity risk is q=1.5 percent; the supplied exact time-scaling scenario multiplier is t=3.53; and confidence is c=95.5 percent. Case ranges are V from 100000 through 500000, a from 1 through 4, b from 1/2 through 5/2, q from 3/10 through 3/2, t from 11/5 through 387/100, and c from 95 through 99. Define the combined risk R=(a+b+q)/3 percent and the disclosed heuristic confidence multiplier m=1+(100-c)/100, which is a stipulated scenario rule rather than a normal quantile. Compute VaR=V*(R/100)*t*m in USD with no intermediate rounding, then round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact arithmetic mean of market, credit, and liquidity risk percentages.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"combined_risk_trace"},{"description":"Exact disclosed heuristic confidence multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"confidence_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_tbvpqcpielgrwr2j3jcr2","dataset_version":"task1-v4","question":"Annual supply-chain cost is 98060 USD, a whole-dollar amount from 80000 through 150000 inclusive. Sustainable logistics first creates a fixed saving of 6737 USD, a whole-dollar amount from 5000 through 15000 inclusive. The fixed saving is guaranteed smaller than the cost. An additional 6.48 percent saving, an exact decimal from 5.00 through 10.00 inclusive with at most two decimal places, then applies only to the remaining cost after the fixed saving. Compute total annual savings as the fixed saving plus the exact percentage saving on the remaining cost. Use exact arithmetic and round only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact cost remaining after the fixed saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"remaining_cost_trace"},{"description":"Exact additional saving on remaining cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"additional_saving_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tcak4qwx33e7b7nxkg7ja","dataset_version":"task1-v4","question":"An investor buys 29 shares at USD 36 each and 51 more shares at USD 46 each, then sells all shares at USD 66 each. Compute each lot cost, total shares, exact total cost basis, exact average cost per share, sale proceeds, and final net profit = proceeds - total cost. Do not round the average cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total shares across both lots.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"total_shares_trace"},{"description":"Exact average cost per share.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"average_cost_trace"},{"description":"Total sale proceeds.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"sale_proceeds_trace"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_tcyfenfmvz3av46pvbq44","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local loan policy. Outstanding balance in USD is 255. Accrued interest in USD is 24. Penalty ratio is 0.1. Available cash in USD is 308. Penalty-waived flag is false. Scheduled penalty equals balance times penalty ratio, but effective penalty is zero when waived. Payoff due equals balance plus interest plus effective penalty. Surplus equals cash minus payoff due. Affordability is true at zero or positive surplus. Report effective penalty, payoff due, and surplus.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report effective penalty.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"effective_penalty_usd"},{"description":"Report payoff due.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"payoff_due_usd"},{"description":"Report signed cash surplus.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"cash_surplus_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tejwc2u7nm6rxmsjjnai6","dataset_version":"task1-v4","question":"Use exact arithmetic. Current capital is C=138497 USD and required capital is R=138888.5 USD. Define shortfall=max(R-C,0). Compute the shortfall in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed capital difference before the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_shortfall_trace"}]}}
{"answer_spec":{"allowed_values":["reduce_flexible_spending","use_external_funding","no_feasible_response"],"type":"enum"},"case_id":"t1_tgdlvhig4l3vm4ci35v66","dataset_version":"task1-v4","question":"A household starts with a total budget of 1235. A cut of 0.25 is imposed while protected spending of 709 and planned flexible spending of 492 are intended to continue. Flexible spending may not fall below 456, and at most 298 of outside funding is available. Prefer reducing flexible spending if that alone covers the funding gap; otherwise use outside funding if it alone covers the gap. Which response should be selected under these rules?\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `reduce_flexible_spending`, `use_external_funding`, `no_feasible_response`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the budget remaining after the cut","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_cut_budget_checkpoint"},{"description":"Report the flexible spending available for reduction","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"reducible_spending_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tgg7spmozuthpdbdzkgmg","dataset_version":"task1-v4","question":"Use exact arithmetic. Liquid assets are A=163086.75 USD and the supplied liquidity requirement is Q=203039.98 USD. Define gap=max(Q-A,0). Compute the gap in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Signed liquidity difference before the zero floor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"raw_gap_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tgufuts5i7y3lr4jq66ms","dataset_version":"task1-v4","question":"A company spends exactly 4091 USD, an integer from 2000 through 50000 inclusive, to buy divisible carbon credits. The base price is 16 USD per credit, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places, and a 11 percent purchase discount applies, an exact decimal from 5.00 through 10.00 inclusive with at most two decimal places. The full investment is spent at the exact discounted price. The company retains up to 296 purchased credits for its offset target, an integer from 200 through 500 inclusive; surplus is max(0, purchased credits minus this target). Only surplus credits are sold at a 13 percent premium over the exact discounted price, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. The company also receives a fixed rebate of 984 USD, an integer from 500 through 2000 inclusive. Compute net cash impact as exact surplus-sale revenue plus the rebate minus the initial investment. Credits retained for offset have no separate cash value in this calculation. Use exact arithmetic and round only the final signed USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact discounted unit price used downstream without trace rounding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_credit"},"slot_id":"discounted_price_trace"},{"description":"Exact divisible-credit quantity used downstream without trace rounding.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"credits_purchased_trace"},{"description":"Exact clamped surplus quantity used downstream without trace rounding.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"surplus_credits_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_tibmovlvugntm5jric2re","dataset_version":"task1-v4","question":"Use exact arithmetic. Pre-merger valuation of Company A is 2292 USD million, pre-merger valuation of Company B is 2206 USD million, and the integration premium is 14 percent of their combined valuation. Add the valuations and multiply the total by one plus the premium ratio to obtain post-merger valuation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined pre-merger valuation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"One plus the integration premium.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_tloqbp2llv42zhc5ilurw","dataset_version":"task1-v4","question":"Apply the following fictional scenario-local KYC control-credit policy, not current law or regulatory guidance. A customer has source-of-funds risk score 6.943, jurisdiction risk score 2.93, existing verified-control credit 2, and standard residual-risk ceiling 7. All four values use the same additive risk-point scale. Existing and additional verified-control credit each reduce residual risk one-for-one, and additional credit cannot be negative. What is the minimum additional verified-control credit required so that the source-of-funds score plus the jurisdiction score, less existing and additional credit, is no greater than the residual-risk ceiling? Report the required credit in dimensionless risk-score points.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined source-of-funds and jurisdiction risk score.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"combined_risk_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tmftb2xdqgxt3pqfi4yn4","dataset_version":"task1-v4","question":"A fictional portfolio starts at 1012 USD, has a signed one-year gross return of 0 percent, and then pays 0 percent of ending assets. Convert both percentages to ratios. Multiply starting value by one plus return ratio, then by one minus fee ratio. What is the ending value after fee in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gross-return growth multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_multiple_trace"},{"description":"Ending value before advisory fee.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"before_fee_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_tmhl2iy2eeluwpjxugq3q","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 3526377 USD, beginning common shares are 607602, new shares issued are 106510, and those new shares were outstanding for 7 months. The disclosed month count is an integer from 1 through 12. Weighted-average shares equal beginning shares plus new shares times months outstanding divided by 12. EPS equals net income divided by exact weighted-average shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction of the year the new shares were outstanding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"},{"description":"Exact weighted-average common shares.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tonh6mybuha4if43onmxk","dataset_version":"task1-v4","question":"An asset has historical cost 161519 USD and accumulated depreciation 56879 USD. Its fair value less costs of disposal is 75260 USD and its value in use is 73209 USD. Recoverable amount is the larger of those two values. Compute impairment loss = max(0, carrying amount minus recoverable amount).\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Carrying amount before impairment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Larger of fair value less costs and value in use.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tro5l2x5dpvpcklmp5m76","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=437310.75 USD, signed stress change is c=3 percent, and signed sensitivity is s=0.5. Compute impact=V*(c/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed factor-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_tsid2ihn2skjuh2ihari6","dataset_version":"task1-v4","question":"An investment costs 45652 USD at time 0, and that amount remains its tax basis. Exactly one year later it is sold for 50924 USD. Selling cost of 4882 USD is paid first. Capital-gains tax equals 25 percent of the strictly positive net gain, defined as sale price minus selling cost minus tax basis. The after-tax net sale proceeds are the only terminal cash flow. Compute the effective after-tax annual IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sale proceeds after selling cost.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_trace"},{"description":"Gain subject to capital-gains tax.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"taxable_gain_trace"},{"description":"Terminal net sale proceeds after tax.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_proceeds_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_tskz47b33fvyym6kvkels","dataset_version":"task1-v4","question":"Given projected revenue of 1031, operating expenses of 284, and a required operating margin of 24.60253, determine the maximum COGS that can be incurred while exactly meeting the margin requirement. Report the result in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Convert the required operating margin from percent to a ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"target_margin_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_tsvnnyf46fqsgojl2enxq","dataset_version":"task1-v4","question":"A project costs USD 2559 at time zero and pays USD 2801 at the end of year one. The annual discount rate is 11 percent. Compute NPV = CF1/(1 + r/100) - I0 with exact arithmetic and no intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Present value of the year-one cash flow.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"present_value_trace"},{"description":"Exact one-year discount denominator.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"discount_factor_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ttcc4efnten5tlt2oocc6","dataset_version":"task1-v4","question":"An investor allocates weight w of capital 12318 to Strategy A and the complementary weight to Strategy B. The downturn probability is 0.4, with the complementary probability assigned to the upside scenario. Strategy B earns upside return 0.15 and loses 0.25 in the downturn. Strategy A earns the B upside return plus positive incremental return 0.2, but loses the B downturn loss plus positive incremental loss 0.3; both resulting Strategy A rates remain below one. The portfolio must end with at least 14827 in the upside scenario and at least 6545 in the downturn. These two requirements create a nonempty feasible interval strictly inside zero and one for w: the upside requirement supplies the lower endpoint and the downturn requirement supplies the upper endpoint. Portfolio ending values are linear weighted combinations of the two strategies, with no interaction, leverage, fees, or rebalancing. If the exact probability-weighted ending value from allocating all capital to A is greater than that from allocating all capital to B, choose the upper endpoint; otherwise, including an exact tie, choose the lower endpoint. Determine feasibility and select the endpoint using exact unrounded values. Report the selected exact Strategy A weight as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation, not the operative exact endpoint.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Strategy A's probability-weighted upside ending value","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"strategy_a_weighted_upside_checkpoint"},{"description":"Report Strategy B's ending value in the downturn","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"strategy_b_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ttzc57cyinzt475quig2i","dataset_version":"task1-v4","question":"An investment costs 21589 USD at time 0, and that amount remains its tax basis. Exactly one year later it is sold for 47921 USD. Capital-gains tax equals 24 percent of the strictly positive gain, defined as sale price minus tax basis. The after-tax sale proceeds are the only terminal cash flow. Compute the effective after-tax annual IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gain subject to capital-gains tax.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"taxable_gain_trace"},{"description":"Capital-gains tax paid at sale.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"gain_tax_trace"},{"description":"Terminal sale proceeds after tax.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_proceeds_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_tz6jdefg543vsykb4zq7y","dataset_version":"task1-v4","question":"An investment account begins a measurement period at value 98. Immediately before a contribution of 19 is added after 0.5 of the period has elapsed, the account value is 117. At period end, the post-distribution account value is 157 and a terminal cash distribution of 15.0725 is paid at that same time; the ending value excludes that distribution. There are no other external cash flows or valuation changes at the contribution instant. Compute the exact chain-linked time-weighted return from the pre-contribution and post-contribution subperiods. Independently compute the standard Modified Dietz return using the contribution's remaining-period weight. What is time-weighted return minus Modified Dietz return in signed percentage points?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact-return checkpoint for the pre-contribution subperiod.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"period_one_return_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Current sale","Hold then sell","Neither"],"type":"enum"},"case_id":"t1_u23q7nmam4amlfdovwnm4","dataset_version":"task1-v4","question":"An investor owns 47 shares bought at 39 per share and 56 shares bought at 59 per share. Compare selling the complete position now at 64.69983 per share with total sale cost 102, against holding one period and selling in exhaustive subjective base and downside states. The base terminal sale price is 71.88752, the downside terminal sale price is 59.91423, gross terminal dividend is 1 per share in either state, and total future sale cost is 101 in either state. Under this scenario-local convention, sale cost reduces amount realized, positive gain equals amount realized minus the complete two-lot basis, and gain tax ratio 0.2 applies to each generated positive gain. Terminal dividend tax ratio is 0.25. Discount both future after-tax cash states one period using time-value-only rate 0.4. Assign subjective downside probability 0.5 and base probability one minus that value. Current sale qualifies when its exact after-tax cash is at least 6372. Holding qualifies when exact downside-state present value is at least 5669. Rank a qualifying hold strategy by its exact probability-weighted present value against current after-tax cash. If both qualify, choose the higher value and choose Current sale on an exact tie. If only one qualifies, choose it; otherwise return Neither. Prices and dividend are per share; sale costs, basis, proceeds, cash floors, and present values are total-position USD; rates and probabilities are ratios. This is a planning convention, not current tax, legal, or market advice; it gives no loss credit and ignores other taxes, fees, and cash flows.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Current sale`, `Hold then sell`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-sale taxable gain rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"current_gain_checkpoint"},{"description":"Report the base-state future taxable gain rounded half up to cents","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"base_gain_checkpoint"},{"description":"Report the downside-state future taxable gain rounded half up to cents","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"downside_gain_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_u3afur57zrqql4ps2uwlm","dataset_version":"task1-v4","question":"A fictional yield farm uses simple linear time scaling with no compounding. The initial investment is 1016 USD, the annualized return is 98.5 percent, and the holding period is 19 months. Convert the annual percentage to a ratio, divide the months by 12, and multiply the investment by both values. What is the holding-period return in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted annual return ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"annual_roi_ratio_trace"},{"description":"Holding period divided by twelve months.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"holding_fraction_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_u3eq3ktckua3zhywutn3i","dataset_version":"task1-v4","question":"A company has an annual energy cost of 48253 USD, a whole-dollar amount from 20000 through 50000 inclusive. An efficiency upgrade reduces that cost by 16 percent, an integer percentage from 5 through 15 inclusive. Apply the percentage once to the full original annual cost. Compute the new annual cost as original cost times one minus the saving ratio. Use exact arithmetic and round only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact saving ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"saving_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_u3pmcvngyrxsx4hd6rkko","dataset_version":"task1-v4","question":"Current assets comprise cash 169141 USD, marketable securities 45642 USD, accounts receivable 129558 USD, inventory 86819 USD, and prepaid expenses 4897 USD. Current liabilities are 142604 USD and the minimum quick ratio is 2.4. Quick assets include only cash, marketable securities, and accounts receivable. If new quick assets do not change liabilities, compute the minimum additional quick assets needed, floored at zero.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Current ratio from all current assets.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Current quick ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_2"},{"description":"Quick assets required at the minimum ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_u3tyle4d2qdh6mdcitltm","dataset_version":"task1-v4","question":"A company compares otherwise identical annualized run-rate states before and after an asset disposal. After the action it retains a net total-asset base of 118, while 82 is the true reduction from the pre-action total-asset base after accounting for any disposal proceeds retained or distributed. Comparable run-rate net sales fall by 0.4. Relative to pre-action asset turnover, the asset-base reduction alone would create a gross mechanical turnover uplift, while the sales loss creates a turnover drag. What percentage of that gross mechanical uplift is offset by the sales-loss drag?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the comparable total-asset base before the disposal.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"pre_action_asset_base_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_u4uv7ddvdm4puisbdpbbs","dataset_version":"task1-v4","question":"An energy-efficiency initiative saves 684 USD per month, a whole-dollar amount from 500 through 2000 inclusive. The measurement period is 15 months, an integer from 6 through 24 inclusive. Assume the monthly saving is constant and that no other cash flows apply. Compute total cost savings as monthly savings multiplied by the number of months, using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_u4xga2jxr6jn34arozuie","dataset_version":"task1-v4","question":"A fictional local dataset contains 18 articles. Their signed average sentiment is -14/17, their local source-quality weight is 0.99, and their influence weight is 98 percent. Treat article count as a dimensionless integer, convert influence to a ratio, and multiply all four values. What is the news-based dimensionless sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Source-quality weighted sentiment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"quality_sentiment_trace"},{"description":"Converted influence ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"influence_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_u5esjzrkjmpu3ykl4u6bo","dataset_version":"task1-v4","question":"A portfolio worth 98 faces market shock ratio 0.2 with loss sensitivity 0.4, plus liquidity shock ratio 0.04 applied directly to portfolio value. The institution expects to recover ratio 0.24875 of the combined gross loss. Compute the net reserve required after subtracting the recoverable amount from gross stress loss.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market stress dollar loss","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"market_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_u7ime762lc2ncs2lti3ti","dataset_version":"task1-v4","question":"An investment costs 47501 USD at time 0, and that amount remains its tax basis. Exactly one year later it is sold for 81496 USD. Selling cost of 495 USD is paid first. Capital-gains tax equals 45 percent of the strictly positive net gain, defined as sale price minus selling cost minus tax basis. The after-tax net sale proceeds are the only terminal cash flow. Compute the effective after-tax annual IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sale proceeds after selling cost.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_trace"},{"description":"Gain subject to capital-gains tax.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"taxable_gain_trace"},{"description":"Terminal net sale proceeds after tax.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"after_tax_proceeds_trace"}]}}
{"answer_spec":{"allowed_values":["program_a","program_b","no_feasible_program"],"type":"enum"},"case_id":"t1_ueh6p36kzslb7dompjtzy","dataset_version":"task1-v4","question":"Compare social-impact program A, with fixed cost 199, aggregate delivery cost per beneficiary-equivalent unit 11, beneficiary-equivalent volume 81, monetized social value per unit 19, and per-opportunity success probability 0.4999995, against program B with corresponding inputs 202, 6, 99, 12, and 0.6. For each program, total cost equals fixed cost plus aggregate per-unit delivery cost multiplied by volume. Each program has exactly three independent delivery opportunities sharing its supplied per-opportunity probability. Its stated total cost covers all three opportunities, and its planned social value is realized once, not once per success, if at least one opportunity succeeds. Thus each program's effective delivery probability is one minus the probability that all three opportunities fail. Expected net social value equals planned monetized social value multiplied by that effective probability, minus total cost. A program is feasible only when total cost does not exceed 1230 and its volume reaches 81. Choose the feasible program with higher expected net social value, prefer program_a on a tie, choose the sole feasible program, or return no_feasible_program when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `program_a`, `program_b`, `no_feasible_program`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the failure probability for one program A delivery opportunity","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"program_a_failure_probability_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_uel6z7y2nglcto3fp7ooq","dataset_version":"task1-v4","question":"A two-asset portfolio has perfect positive correlation, rho = +1. Asset A has weight 76 percent and standard deviation 18 percent; asset B has weight 24 percent and standard deviation 10 percent. The supplied weights sum exactly to 100 percent. Compute sigma_p = sqrt((w_A sigma_A + w_B sigma_B)^2) using exact arithmetic and the nonnegative square root.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Asset A contribution to portfolio risk.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_sd_a_trace"},{"description":"Asset B contribution to portfolio risk.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"weighted_sd_b_trace"},{"description":"Exact rational square used as the variance.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"variance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ufltoy5ayhbkdvokmuiiq","dataset_version":"task1-v4","question":"A company is comparing the order of two actions across two equal-length operating periods. 101 is the net total-asset base that remains after a true reduction of 39, and 21 is the modernization program's net capitalized addition to total assets. Modernization raises run-rate net sales by 0.5, while the reduction lowers run-rate net sales by 0.2; each effect begins at its action date, persists, and the two sales effects compound. In the capex-first order, period-one assets equal the pre-action base plus the addition and period-two assets equal the retained base plus the addition. In the reduction-first order, period-one assets equal the retained base and period-two assets equal the same final retained-plus-addition base. For each order, compute the arithmetic mean of the two period run-rate sales amounts divided by the arithmetic mean of the two period asset bases, equivalently their sums divided by their sums, and normalize this turnover by the common pre-action turnover. What is the reduction-first normalized factor minus the capex-first normalized factor, expressed as a percentage of baseline turnover?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the common period-two sales factor after both actions.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"combined_sales_effect_checkpoint"},{"description":"Report the common period-two total-asset base after both actions.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"shared_second_period_asset_base_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ug7imupk6ln4z7c34l2fy","dataset_version":"task1-v4","question":"Under this scenario's annual fee contract, a portfolio has gross expected return 0.125, volatility 0.18, and beta 0.8. The market return is 0.115 and the risk-free rate is 0.01. A management fee rate reduces expected return one-for-one, so net return equals gross return minus the fee; it does not change volatility, beta, the market return, or the risk-free rate. The net portfolio must retain a Sharpe ratio of at least 0.5 and Jensen's alpha of at least 0.01. Compute the exact maximum annual management-fee rate that satisfies both constraints. Test both constraints using the unrounded exact rate, then report that rate as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation of the exact maximum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market risk premium used by the alpha constraint.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"market_premium_checkpoint"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_uh34dzshlouos6uzh7fys","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local capital policy. Tier 1 capital in USD millions is 14.691. Exposure in USD millions is 495. Divide capital by exposure, convert the ratio to percent, and compare it with an inclusive 3 percent threshold. Report the exact leverage percent and final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact leverage percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"leverage_percent"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_uiwtzsirf4uuoamfl3fec","dataset_version":"task1-v4","question":"A fictional digital savings account starts with 973.5 USD, earns simple annual interest of 1 percent, and remains open for 6 years. Convert the percentage to a ratio. Interest equals principal times annual ratio times years, and ending balance equals principal plus interest. What is the ending balance in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact accrued simple interest.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"simple_interest_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_uj3ecpuh4c5mip3gheswk","dataset_version":"task1-v4","question":"A campaign receives 255125 impressions, a click-through rate of 2 percent, a per-click conversion rate of 5 percent, average revenue of USD 97 per sale, and costs USD 2939. The supplied exact rates produce whole expected click and sale counts. Compute clicks = impressions x CTR/100, sales = clicks x conversion/100, revenue = sales x average sale value, and ROI = (revenue - spend)/spend x 100 percent. Do not truncate or round intermediates.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact whole expected click count.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"expected_clicks_trace"},{"description":"Exact whole expected sale count.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"expected_sales_trace"},{"description":"Expected campaign revenue.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"campaign_revenue_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ukb5wlmuzwxpuzeikdhks","dataset_version":"task1-v4","question":"Use exact arithmetic. Base price is 40311200 USD, maximum basic earn-out is 10196000 USD, target revenue is 101900000 USD, actual revenue is 155744000 USD, the excess-revenue bonus rate is 19 percent, and the bonus cap is 2459000 USD. Target revenue is always positive. Basic earn-out equals maximum basic earn-out times actual revenue divided by target revenue, capped at the stated maximum. The bonus threshold is 110 percent of target revenue. Bonus-eligible excess is the greater of actual revenue minus that threshold and zero. Bonus equals excess times the bonus rate, capped at the bonus cap. Total deal value equals base price plus capped basic earn-out plus capped bonus.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Basic earn-out after applying the stated maximum.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Bonus after applying the stated cap.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ukdism56spqmhmlnxcgmm","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Taxable income in USD is 2557. Flat tax ratio is 0.8. Multiply income by the ratio exactly and round only the final tax half up to two decimals. Report the exact unrounded tax.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ukdmu65qkkhyaema2bvta","dataset_version":"task1-v4","question":"A transfer is charged a proportional fee ratio of 0.27 and then a fixed network fee of 5 USD, after which a rebate of 37.275 USD is credited. Determine the exact gross transfer amount required for the recipient to obtain exactly 117 USD. Reverse the stages in order by removing the rebate, restoring the fixed fee, and dividing by the proportional-fee retention ratio. Carry all arithmetic exactly, then report the required gross transfer in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the receipt required before applying the rebate.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"pre_rebate_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ulgbc253mzw5j6hygsp3o","dataset_version":"task1-v4","question":"A fictional crypto transfer has gross value 1023.5 USD and a fixed processing fee of 0 USD. Subtract the fee from gross value. What net amount is received in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ummdavbozg6cehb6mctpq","dataset_version":"task1-v4","question":"An investor has a portfolio worth 40848 and requires its stressed value to remain at or above 34627, which is strictly below the current portfolio value. In the stated stress scenario, the risky asset loses 0.5 of its allocated amount while all capital outside the risky asset retains its value. Policy also caps the risky asset's portfolio weight at 0.45. Compute the exact maximum permitted risky-asset weight. Apply the stress floor and policy cap to the unrounded exact weight, then report that weight as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation, not the operative exact cap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the allowable dollar loss under the floor","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"loss_budget_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_umwragkbdj4z6mwbwdajg","dataset_version":"task1-v4","question":"USD 8742 is compounded semiannually. For the first 4 years the nominal annual rate is 3 percent; for the next 6 years it is 11 percent. For each phase use (1 + (r/100)/2)^(2 years), multiply the phase factors, and subtract the original principal. Use exact arithmetic with no intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"First phase growth multiplier.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"first_growth_trace"},{"description":"Second phase growth multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"second_growth_trace"},{"description":"Ending balance before final subtraction.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"ending_balance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_unl2fmqr6ocjr75g67cvs","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local one-period retirement calculation. Starting savings in USD are 253. End-of-period contribution in USD is 0. One-period return ratio is 0.6. Pre-return balance equals savings plus contribution. Return amount equals pre-return balance times the ratio. Ending savings equals pre-return balance plus return amount. Round only the final ending savings half up to two decimals. Report pre-return balance and return amount.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report pre-return balance.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pre_return_balance_usd"},{"description":"Report exact return amount.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"return_amount_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_upjzk34nv6hffs46bqr5a","dataset_version":"task1-v4","question":"Net income is 147462 USD. Depreciation is 22855 USD and amortization is 17379 USD. Accounts receivable increase by 27068 USD, inventory increases by 23931 USD, accounts payable decreases by 13988 USD, and accrued expenses increase by 11805 USD. Compute cash flow from operations using the indirect method.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total depreciation and amortization add-backs.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Net working-capital cash-flow adjustment.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_uq56zvm7ntj2kypifsvyi","dataset_version":"task1-v4","question":"A social-impact program has launch cost 175 and monitoring cost 97.075. Each beneficiary-equivalent unit is expected to create net monetized social value 21. The investor requires total social value, defined as beneficiary-equivalent scale multiplied by value per unit, to exceed the combined fixed costs by the surplus ratio 0.1; equivalently, required social value is combined fixed costs multiplied by one plus that ratio. Compute the beneficiary-equivalent scale that exactly meets this requirement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the surplus requirement attributable to monitoring cost","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"monitoring_surplus_value_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Scenario A","Scenario B","Neither scenario"],"type":"enum"},"case_id":"t1_urdsehbr5dw7fooeiib3y","dataset_version":"task1-v4","question":"An asset has original cost 292 and accumulated depreciation of 71 in USD millions. Scenario A revises residual value to 99 and applies per-subperiod depreciation ratio 0.2108766; Scenario B uses 158 and 0.15. Under this fictional scenario rule, the next reporting interval contains exactly three equal sequential subperiods. In each subperiod, the scenario-specific ratio applies again to the balance above residual value, while residual value itself is not depreciated. A scenario qualifies only if its exact cumulative three-stage depreciation is at most 67 and its remaining depreciable balance above residual is at least 41. Return the qualifying scenario with lower exact cumulative depreciation, choose Scenario A on an exact tie, or return Neither scenario when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Scenario A`, `Scenario B`, `Neither scenario`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Scenario A's one-subperiod balance-retention factor","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"a_one_stage_retention_factor_checkpoint"}]}}
{"answer_spec":{"allowed_values":["low_risk","medium_risk","high_risk"],"type":"enum"},"case_id":"t1_urmjqybosob7dspwtszek","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local compliance policy. Inherent risk score is 11. Control effectiveness ratio is 0.8. Incident score is 2. High-risk override is true. Residual risk equals inherent risk times one minus control effectiveness. Composite risk equals residual risk plus incident score. Return high_risk when composite risk is at least 8 or override is true; otherwise medium_risk when composite is at least 5; otherwise low_risk. High risk has precedence. Report residual and composite scores.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `low_risk`, `medium_risk`, `high_risk`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report residual risk.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"residual_risk_score"},{"description":"Report composite risk.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"composite_risk_score"},{"description":"Report high-risk trigger.","position":3,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"high_trigger"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_urr3lfubvf4qdx4psfnhe","dataset_version":"task1-v4","question":"A token has 1027 units and a current price of 3 USD. In each of exactly three sequential stress stages, the same ratio 0.2499995 is removed from the price surviving the previous stage, with no replenishment between stages; the three-stage stressed price is therefore current price times (1-per-stage downside ratio)^3. Under the burn policy, 104 units are removed and treasury support raises that stressed price once by ratio 0.2. Under the fallback emission policy, 107 units are added and the stressed price receives no support. Ignore any other price effects. Use the burn policy if its resulting market cap is at least 816 USD; otherwise use the emission policy. What market cap is selected? Use exact values for the floor test and all intermediate arithmetic, then report the selected market cap in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the price-retention ratio after one stress stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_price_retention_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_us7622nhj6e4draeebydo","dataset_version":"task1-v4","question":"A buyer wants a target equity value of 121. The company has total debt of 24 and cash of 24, which are the only enterprise-value-to-equity-value adjustments in this scenario, and the buyer values normalized EBITDA at 7. Due diligence expects a recurring EBITDA deduction of 1 from the reported figure. Determine the minimum reported EBITDA required to support the target equity price: first bridge equity value to enterprise value using net debt, infer required normalized EBITDA, and then restore the deduction.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute net debt for the equity-to-enterprise bridge","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"net_debt_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_uv4ygmztsfgh5c3x7wl6y","dataset_version":"task1-v4","question":"All USD amounts are per share. An investor expects gross terminal sale proceeds 88 and holding-period dividend cash 9.822. Selling incurs exit cost 11, while buying incurs entry cost 7 in addition to the quoted purchase price. Complete acquisition outlay is the quote plus entry cost. Simple nonannualized total return is net terminal receipts minus complete acquisition outlay, divided by that outlay. For target ratio 2, where 0.20 means 20%, compute the exact binding quoted purchase price at which total return equals the target. Ignore taxes, financing, discounting, and dividend reinvestment. Carry the threshold exactly, then report it using half-up rounding to cents. The displayed amount is a rounded report of the exact threshold, not necessarily the greatest executable whole-cent quote.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report expected terminal receipts after exit cost rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_receipts_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_uxirj5q7s72bulaevbcs4","dataset_version":"task1-v4","question":"Value a target using two methods under the buyer's stated reconciliation policy. The revenue method uses revenue 49 and revenue multiple 1. The EBITDA method uses EBITDA 9 and EBITDA multiple 14. Compare the two enterprise values: their dispersion is the higher value minus the lower value, and the permitted dispersion equals the lower value multiplied by 0.2. If the methods are consistent within that tolerance, use their mean enterprise value; otherwise use the lower enterprise value. Then deduct total debt 11 and add cash 4, which are the only enterprise-value-to-equity-value adjustments in this scenario. Report the reconciled equity value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute enterprise value under the revenue method","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"revenue_value_checkpoint"},{"description":"Compute enterprise value under the EBITDA method","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"ebitda_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_uxnmogvtt5dmap6k3brwy","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local tax policy. Sale proceeds in USD are 2547. Cost basis in USD is 2048. Capital-gain tax ratio is 0.2. Taxable gain is the larger of sale proceeds minus cost basis and zero. Tax equals taxable gain times the ratio. Round only the final tax half up to two decimals. Report taxable gain.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report taxable gain.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"taxable_gain_usd"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_v33qxczzifibmhop7sjvu","dataset_version":"task1-v4","question":"Annual waste-management cost is 49611 USD, a whole-dollar amount from 20000 through 50000 inclusive. Improved recycling and waste practices reduce that cost by 18.53 percent, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. Apply the percentage once to the full annual cost. Compute annual waste-management savings as cost times the reduction ratio, using exact arithmetic and rounding only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact waste-cost reduction ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"reduction_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_v3dt5eqjmihjdymwt2tdy","dataset_version":"task1-v4","question":"At the stated post-earnout measurement date, the acquirer's predeal common shares have aggregate reference equity value 410 at one fixed contractual share price. Upfront base consideration is 98, excluding the earnout; 0.7 of that base is paid in cash and the remainder in acquirer common shares. The target sellers retain all upfront shares through the measurement date. A fully realized earnout with settlement value 59, incremental to the base consideration, is also settled entirely in common shares at the same unchanged price. Assume no other issuance, repurchase, disposal, option exercise, conversion, or price adjustment. Determine the target sellers' post-settlement percentage ownership of the common-share base.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report upfront consideration settled in acquirer common shares","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"upfront_stock_consideration_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_v3j5umojnvk4ywr5u65qc","dataset_version":"task1-v4","question":"A portfolio worth 99 has signed weighted common-factor return loadings -0.4 and 0, each expressed as a ratio. Under the stated common-factor covariance convention, aggregate the loadings before constructing the variance radicand. Apply confidence multiplier 1, add liquidity charge 0, and compare the result with stress loss 81. Compute the required capital as the larger loss measure.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report portfolio volatility rounded half-up to eight decimal places","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"portfolio_sigma_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vcawd5y4dwb6hhqvxhyti","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock value is P=229.25 USD, signed external shock is q=-0.008 percent, and signed sensitivity is s=0.0198. Compute impact=P*(q/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed shock ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"shock_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_vdqrhunqatsvplgouikko","dataset_version":"task1-v4","question":"A fictional payment batch has total sales of 1016 USD across 189 transactions. Pricing is 1 USD per transaction plus 101 percent of total sales. Convert the percentage to a ratio. Multiply count by the fixed per-transaction fee, multiply sales by the variable ratio, add the two fees, divide by total sales, and convert the result to percent. What is the effective fee rate in percent?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Aggregate fixed fees.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"fixed_fee_total_trace"},{"description":"Aggregate variable fees.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"variable_fee_total_trace"},{"description":"Total batch fees.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_fees_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ve5izofhyynrvswx4rufg","dataset_version":"task1-v4","question":"An investment requires 4997/9 at time 0 and has unchanged tax basis 214.6. It pays the after-tax distribution 189.4 at the end of year 1 without changing that basis. At the end of year 2 it is sold for 617; selling costs equal the fraction 0.12 of gross price, and capital-gains tax equals 0.25 of the positive gain measured as net sale proceeds after selling costs minus tax basis. Starting from annual effective trial rate 0.08, evaluate exact NPV and form one positive Newton-Raphson correction using the negative-derivative magnitude. Apply the fixed absolute rate-step cap 0.07, add the smaller of the raw correction and cap to the trial rate, and report the result as an annual percentage. Do not iterate again or describe the result as an exact IRR or a complete adaptive trust-region method.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report year-2 net sale proceeds after proportional selling costs and before gain tax.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_after_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vezq36aeh3muecy2ra77u","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial operating cost is C=229455.75 USD and the increase is g=13 percent. Compute new cost=C*(1+g/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact cost growth multiple.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_vfjnj3u7feff25sttn2ni","dataset_version":"task1-v4","question":"A company is comparing the order of two actions across two equal-length operating periods. 101 is the net total-asset base that remains after a true reduction of 56, and 21 is the modernization program's net capitalized addition to total assets. Modernization raises run-rate net sales by 0.5, while the reduction lowers run-rate net sales by 0.2; each effect begins at its action date, persists, and the two sales effects compound. In the capex-first order, period-one assets equal the pre-action base plus the addition and period-two assets equal the retained base plus the addition. In the reduction-first order, period-one assets equal the retained base and period-two assets equal the same final retained-plus-addition base. For each order, compute the arithmetic mean of the two period run-rate sales amounts divided by the arithmetic mean of the two period asset bases, equivalently their sums divided by their sums, and normalize this turnover by the common pre-action turnover. What is the reduction-first normalized factor minus the capex-first normalized factor, expressed as a percentage of baseline turnover?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the common period-two sales factor after both actions.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"combined_sales_effect_checkpoint"},{"description":"Report the common period-two total-asset base after both actions.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"shared_second_period_asset_base_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_viyrvz46h2xqiijyqejgc","dataset_version":"task1-v4","question":"A sustainability report gives annual energy expenditure of 64753 USD, a whole-dollar amount from 50000 through 100000 inclusive, and states that efficiency measures reduced it by 6.54 percent, an exact decimal from 5.00 through 15.00 inclusive with at most two decimal places. Apply the percentage once to the full annual expenditure. Compute annual energy-cost savings as the expenditure times the reduction ratio, using exact arithmetic and rounding only the final annual USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact energy-cost reduction ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"reduction_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vj4zh6f533unpf4tha74e","dataset_version":"task1-v4","question":"A fictional firm has baseline compliance cost of 2439 USD. Local audit-frequency, fine-risk, and surcharge factors are 3, 2, and 4 percent and add linearly. A refundable local credit of 236 USD then reduces the charge, but the final additional cost cannot be below zero. Convert and sum the three percentages, multiply by baseline cost, subtract the credit, and take the larger of that result and zero. What additional compliance cost remains in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined regulatory factor in percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"total_factor_trace"},{"description":"Gross additional compliance cost.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_cost_trace"},{"description":"Cost after applying the credit.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"credited_cost_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_vj7qd2zrk7u72tqij5mii","dataset_version":"task1-v4","question":"A sustainability reporting system requires initial investment 482875 USD, a whole-dollar amount from 200000 through 500000 inclusive. It produces annual energy savings 75089 USD, a whole-dollar amount from 40000 through 80000 inclusive, and annual waste savings 32527 USD, a whole-dollar amount from 15000 through 35000 inclusive. Each year, a tax credit of 13.18 percent, an exact decimal from 5.00 through 15.00 inclusive with at most two decimal places, and an extra operational saving of 7.09 percent, an exact decimal from 2.00 through 8.00 inclusive with at most two decimal places, both apply independently to the combined base annual savings. The period is 1 years, an integer from 3 through 7 inclusive. Assume annual amounts are constant and ignore discounting. Compute ROI as total savings over the period minus initial investment, divided by initial investment, then multiplied by 100. Use exact arithmetic and round only the final percentage half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact combined base annual savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"base_annual_savings_trace"},{"description":"Exact total annual savings including both additions.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"total_annual_savings_trace"},{"description":"Exact period savings minus initial investment.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"net_period_benefit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_vjh4mvv5qemgxa2tlgw22","dataset_version":"task1-v4","question":"Against one common annual operating baseline, a procurement program alone would deliver 46 USD millions of savings, an IT program alone would deliver 64 USD millions, and implementing both would deliver 87 USD millions. No program delivers zero savings. The standalone estimates overlap, so the combined result is strictly greater than either standalone result but strictly less than their sum. Attribute procurement savings by giving equal weight to its marginal contribution in both possible implementation orders: its procurement-only savings when introduced first, and combined-program savings minus IT-only savings when introduced after IT. What percentage of combined-program savings is attributed to procurement?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute procurement marginal savings when procurement follows IT","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"procurement_marginal_after_it_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_vk2qrfphhvwmisfnlkxw2","dataset_version":"task1-v4","question":"Revenue is 775621 USD, cost of goods sold is 435214 USD, and net income is 82253 USD. Compute the gross-to-net margin gap in percentage points: gross profit margin minus net profit margin.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gross profit margin as a percent.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"trace_1"},{"description":"Net profit margin as a percent.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"nominal_percent"},"case_id":"t1_vkxixbw7sujh2hqxbdc26","dataset_version":"task1-v4","question":"A sustainable-finance project begins with an annual financing rate of 9.01 percent, an exact decimal from 4.00 through 10.00 inclusive with at most two decimal places. Its social-impact performance reduces that rate by 64 basis points, an integer from 20 through 80 inclusive. Use the convention 100 basis points equals one percentage point. Compute the new annual financing rate by converting the reduction to percentage points and subtracting it from the initial rate. Use exact arithmetic and round only the final percentage rate half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `nominal_percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact rate reduction in percentage points.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"nominal_percent"},"slot_id":"reduction_percentage_points_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vmfw7aaropakkmuabgpim","dataset_version":"task1-v4","question":"A green bond has principal 7680 USD, a whole-dollar amount from 5000 through 20000 inclusive, and an annual yield of 3.4 percent, an exact decimal from 2.00 through 6.00 inclusive with at most two decimal places. Interest compounds annually for 1 years, an integer from 1 through 3 inclusive. Assume no interim cash flows or fees. Compute interest earned as principal times (1 plus the annual yield ratio) raised to years, minus principal. Use exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact compound factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"compound_factor_trace"},{"description":"Exact future value before subtracting principal.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"future_value_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_vmrkjm5ifpdemauspz7pw","dataset_version":"task1-v4","question":"A property is purchased for USD 2571, renovated for USD 407, and sold for USD 4339. Compute total investment = purchase + renovation, profit = sale - total investment, and ROI = profit / total investment x 100 percent. Use exact arithmetic and round only the final ROI.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total purchase and renovation investment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_investment_trace"},{"description":"Property investment profit or loss.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"investment_profit_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vmz23x26gqlalctk4pkrk","dataset_version":"task1-v4","question":"Over one common annual period, a DeFi liquidity position has capital of 974 USD, earns fee-yield ratio 0.47, and incurs impermanent-loss ratio 0.3. An optional hedge covers 0.333335 of that loss and, only when activated, costs 0.04 of capital. If the exact unhedged loss strictly exceeds the risk limit of 248 USD, activate the hedge; otherwise leave the position unhedged and pay no hedge cost. Return the selected net profit or loss in USD, excluding return of the original capital, using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the covered impermanent loss as a ratio of position capital.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"covered_loss_ratio_checkpoint"}]}}
{"answer_spec":{"allowed_values":["plan_a","plan_b","neither_plan"],"type":"enum"},"case_id":"t1_vnqutjkfyjtl6c63dj2ck","dataset_version":"task1-v4","question":"Compare two capital plans for a company with current debt 101 and current equity 98. Under this scenario's internal three-stage leverage-covenant ratchet, the permitted debt-to-equity ceiling starts at 1.00. At each stage the company reduces the remaining ceiling by the same fraction t=0.1, so the final shared ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general regulatory rule. Plan A adds borrowing 21 and equity 98. Plan B repays debt 11 and adds equity 59. A plan qualifies only when its exact post-transaction ratio does not exceed the final ceiling. Return exactly `plan_a`, `plan_b`, or `neither_plan`: select the qualifying plan with the lower exact ratio, use `plan_a` on an exact tie, and use `neither_plan` if neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `plan_a`, `plan_b`, `neither_plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the leverage ceiling remaining after one covenant-ratchet stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_leverage_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vov6q64fcyomzokd5exkc","dataset_version":"task1-v4","question":"A household must cover essential outlays of 196, planned discretionary outlays of 306, and an emergency-reserve contribution of 101.683 while also saving 0.2 of total income in a separate savings commitment. Compute the exact minimum total-income threshold that meets all four commitments. Determine feasibility from the unrounded exact threshold, then report that threshold in USD rounded half up to two decimal places; the displayed amount is a reporting approximation of the exact minimum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined cash commitments before solving for income","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"cash_needs_checkpoint"}]}}
{"answer_spec":{"allowed_values":["expansion","defensive","wait"],"type":"enum"},"case_id":"t1_vpfcnjlnhffsh64vtkbcy","dataset_version":"task1-v4","question":"A company starts with revenue 99133/990, faces downturn ratio 0.01, and forecasts recovery ratio 0 if it makes one-period cash outlay 21. Baseline operating cost 91 rises by cost-inflation ratio 0. The company has available cash 21 and requires one-period scenario surplus of at least 19. Expansion surplus applies both downturn and recovery, then subtracts inflated operating cost and the cash outlay. Defensive surplus applies only the downturn and subtracts inflated operating cost. Return expansion if its surplus threshold and cash requirement both pass. Otherwise return defensive if its surplus threshold passes, and wait if neither passes.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `expansion`, `defensive`, `wait`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report revenue after the downturn","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"post_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":0,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_vubrlykmrapylvetpspec","dataset_version":"task1-v4","question":"A token has 1221 units outstanding and will burn 296 units. After the burn, the token is expected to trade at 2 USD per unit, and this price is assumed to remain unchanged when additional units are emitted. If total market capitalization must not exceed 1027.526 USD, first compute the market cap of the current supply at that expected price, express it as a multiple of the ceiling, and use that multiple to recover the ceiling-compatible total supply. What is the maximum number of additional token units that may be emitted after the burn? Carry all arithmetic exactly, then report the result using half-up rounding to the nearest whole token.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 0 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the current-supply benchmark market cap as a multiple of the market-cap ceiling.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"ceiling_utilization_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vvsgns7vqoimbgstngrzo","dataset_version":"task1-v4","question":"A buyer invests 2406 USD, an integer from 1000 through 5000 inclusive, in divisible carbon credits priced at 12.24 USD per credit, an exact decimal from 8.00 through 15.00 inclusive with at most two decimal places. The rebate is 2.38 USD per purchased credit, an exact decimal from 1.00 through 5.00 inclusive with at most two decimal places and strictly less than the unit price. The rebate applies to the entire exact purchased quantity only when that quantity is strictly greater than 193 credits, an integer threshold from 20 through 650 inclusive; equality does not qualify. Compute Q = I/P exactly, then return Q times the rebate rate when Q > T and zero otherwise. Round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact purchased quantity used by the strict comparison; it is not rounded for downstream use.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"credits_purchased_trace"},{"description":"Exact preselection rebate amount; it is not rounded for downstream use.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"eligible_rebate_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vvxii5jgn2q7mzpa76lm6","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock price is P=446.5 USD, signed market-index change is c=2.5 percent, and signed sensitivity is s=0.5. Compute price change=P*(c/100)*s in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact signed market-change ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"market_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vxpozjbvkxqs3gjipvmw6","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=180967.75 USD. Weights w1=51, w2=24, w3=26 percent sum exactly to 100; signed sensitivities are s1=-2, s2=0, s3=0; signed common stress change is c=1 percent. Define S=w1*s1/100+w2*s2/100+w3*s3/100 and impact=V*(c/100)*S. Compute signed USD impact without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact weighted sensitivity.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"weighted_sensitivity_trace"},{"description":"Exact signed stress ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_vzhedisly4hqwrzmbo7uy","dataset_version":"task1-v4","question":"An ESG project is expected to produce annual energy savings of 41 and annual water savings of 91, while requiring annual maintenance cost of 29.575. The full-horizon present-value multiplier for these recurring net benefits is 1. Using ROI = (present value of net benefits minus initial investment) divided by initial investment, compute the maximum initial investment that exactly meets the required ROI ratio 2.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report annual savings after maintenance","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"annual_net_benefit_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_w33r3qcbj5gabhm7vevqy","dataset_version":"task1-v4","question":"A fictional monthly plan processes 111 transactions averaging 98 USD. It charges subscription 34 USD, flat fee 0.2 USD per transaction, 1 percent on sales up to 11264 USD, and 2 percent on sales above the cap. Total sales equal count times average value. Tier-one sales are the smaller of total sales and cap; tier-two sales are the larger of total sales minus cap and zero. Convert both rates to ratios, compute tier fees, add subscription and flat fees, divide total fees by sales, then convert to percent. What is the effective monthly fee rate in percent?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact total monthly sales.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_sales_trace"},{"description":"Sales above the first-tier cap.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"tier_two_sales_trace"},{"description":"Exact total monthly fees.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_fees_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_w5omwopvztyeqfj5qtyou","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual operating cost bases are 295 and 298 USD million, gross synergy rate is 18 percent of combined cost, one-time integration cost is 75 USD million, straight-line amortization period is 2 years, and corporate tax rate is 32 percent. Annual integration charge equals integration cost divided by amortization years. Pre-tax net savings equal gross synergy savings minus annual integration charge. After-tax annual savings equal pre-tax net savings times one minus the tax-rate ratio. A negative result remains negative.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual gross synergy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Annual savings before corporate tax.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_w6nkyul76oqzmhgpnrada","dataset_version":"task1-v4","question":"A company recognizes 138516 USD of warranty expense under accrual financial reporting in the current period. Only 30451 USD is deductible on the current tax return; the entire remainder will be deductible when the warranty obligation is settled. The enacted tax rate expected when the difference reverses is 42 percent. Assume the full gross deferred tax asset is recognized with no valuation allowance and no discounting. Compute the deferred tax asset from this deductible temporary difference.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact warranty expense remaining deductible in a future period.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"temporary_difference_trace"},{"description":"Exact enacted tax rate expressed as a ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"tax_rate_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_w6yhplemuikba7fbwnel2","dataset_version":"task1-v4","question":"An investor has a portfolio worth 10112 and requires its stressed value to remain at or above 8731, which is strictly below the current portfolio value. In the stated stress scenario, the risky asset loses 0.4 of its allocated amount while all capital outside the risky asset retains its value. Policy also caps the risky asset's portfolio weight at 0.3. Compute the exact maximum permitted risky-asset weight. Apply the stress floor and policy cap to the unrounded exact weight, then report that weight as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation, not the operative exact cap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the allowable dollar loss under the floor","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"loss_budget_checkpoint"}]}}
{"answer_spec":{"allowed_values":["abate_then_buy","credits_only","no_feasible_strategy"],"type":"enum"},"case_id":"t1_wa3naofoqwb2gmwhkhm7c","dataset_version":"task1-v4","question":"Treat one carbon credit as covering one ton of CO2e. A company has a compliance obligation of 82 tons of CO2e, internal abatement capacity 99 tons of CO2e, and operational availability false. Internal abatement has fixed cost 504 USD and variable cost 11 USD per ton of CO2e. Carbon credits cost 21 USD per ton of CO2e, with at most 41 ton-equivalent credits available for purchase. The abate-then-buy alternative is fixed: whenever internal abatement is available, it uses exactly the smaller of the compliance obligation and abatement capacity before buying credits for the residual; it does not optimize the abatement quantity. Compare only this specified strategy with a credits-only strategy. Choose the lower-cost feasible strategy, prefer abate-then-buy on a cost tie, choose the sole feasible strategy when only one is feasible, and return no_feasible_strategy when neither is feasible.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `abate_then_buy`, `credits_only`, `no_feasible_strategy`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report variable internal abatement cost","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"variable_abatement_total_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wbmsfmdhbw3udothxv5x2","dataset_version":"task1-v4","question":"Under the simplified scenario rules, gross income is 77840.003 and the tax rate is 0.2. The standard method permits a deduction of 10084 and a credit of 1012. The itemized method permits a deduction of 4951 and a credit of 487, but it may be used only when true is true. Compute both nonnegative net liabilities and use the itemized method only when eligible and strictly lower; otherwise use the standard method. What tax liability is payable?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report taxable income under the standard method","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"standard_taxable_checkpoint"},{"description":"Report taxable income under the itemized method","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"itemized_taxable_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_wbwemr632mftalp6k3mea","dataset_version":"task1-v4","question":"An investor pays 6988 USD at time 0 for a one-year 10000 USD par bond. Its 3 percent nominal annual coupon is paid in two equal semiannual coupons. The first coupon is received after six months and immediately reinvested for the remaining six months at a simple annual rate of 7 percent. At maturity the investor receives the 10000 USD par value, the second semiannual coupon, and the accumulated first coupon. There are no other cash flows. Compute the one-year effective terminal-value IRR as a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Amount of each semiannual coupon.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"semiannual_coupon_trace"},{"description":"Maturity value of the first coupon.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"reinvested_first_coupon_trace"},{"description":"Total maturity cash including both coupons and par.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"terminal_cash_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wc5owb376fgg7h5xjdfai","dataset_version":"task1-v4","question":"Use exact arithmetic. Total assets are A=688635.75 USD and the disclosed risk-appetite limit is r=37 percent. Compute maximum exposure=A*(r/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact exposure-limit ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_wdi3woitp565ggnxhntig","dataset_version":"task1-v4","question":"An investment requires 6834/11 at time 0 and has unchanged tax basis 228. It pays the after-tax distribution 219 at the end of year 1 without changing that basis. At the end of year 2 it is sold for 786; selling costs equal the fraction 0.125 of gross price, and capital-gains tax equals 0.2 of the positive gain measured as net sale proceeds after selling costs minus tax basis. Starting from annual effective trial rate 0.1, evaluate exact NPV and form one positive Newton-Raphson correction using the negative-derivative magnitude. Apply the fixed absolute rate-step cap 0.05005, add the smaller of the raw correction and cap to the trial rate, and report the result as an annual percentage. Do not iterate again or describe the result as an exact IRR or a complete adaptive trust-region method.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report year-2 net sale proceeds after proportional selling costs and before gain tax.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"net_sale_proceeds_after_cost_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wevpwyiktxdjk5mgnf3o2","dataset_version":"task1-v4","question":"Use exact arithmetic. Capital is C=244100.25 USD, the risk factor is f=13 percent, and the risk premium is p=6 percent. Compute additional allocation=C*(f/100)*(p/100) in USD with no intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact risk-factor ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"},{"description":"Exact premium ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"premium_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wgb2rzhhru6ihxufw3voc","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=89873 USD; daily volatility is s=5 percent; the participant-visible exact time-scaling scenario multiplier is t=2.6; and the participant-visible exact scenario z multiplier is z=1.6. All case values lie in V from 20000 through 100000, s from 2 through 6, t from 17/10 through 63/20, and z from 7/5 through 41/20. Treat t and z as supplied exact data: do not compute a square root, a normal quantile, or a confidence level. Compute VaR=V*(s/100)*t*z in USD with no intermediate rounding, then round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact daily volatility ratio used by the VaR calculation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"volatility_ratio_trace"},{"description":"Exact volatility ratio after applying supplied time and z multipliers.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"scaled_volatility_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_whdzgr77ofifl2wc3v3cw","dataset_version":"task1-v4","question":"A crypto asset is currently priced at 105.7866 USD per token after a global shock reduced its pre-shock price by loss ratio 0.3. A subsequent liquidity response increased the resulting post-shock price by a rebound ratio equal to 1/3 times the shock loss ratio. What was the price immediately before the shock? Apply the loss and rebound sequentially using exact arithmetic, and round only the final price to two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the rebound ratio implied by the relative-magnitude input.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"rebound_ratio_checkpoint"}]}}
{"answer_spec":{"allowed_values":["option_a","option_b","neither_option"],"type":"enum"},"case_id":"t1_wj7gj3ukb4b27wknt64zs","dataset_version":"task1-v4","question":"A company has current common EPS 2 and requires pro forma EPS of at least 1. Under this scenario, each financing option completes exactly three sequential common-share issuance stages. Option A adds total earnings of 2 per current share, and its per-stage share-base increase is 0.3141593; the same increase applies at each stage, so its cumulative share multiple is (1 + the ratio)^3. Option B analogously adds 1.00915 per current share and uses per-stage increase 0.314166 for cumulative multiple (1 + the ratio)^3. An option qualifies only if its exact pro forma EPS meets the floor. Return exactly `option_a`, `option_b`, or `neither_option`: select the qualifying option with the higher exact EPS, use `option_a` on an exact tie, and use `neither_option` if neither qualifies. This is a fictional three-stage financing scenario, not a general accounting rule.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `option_a`, `option_b`, `neither_option`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Option A share-base multiple after one issuance stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"a_one_stage_share_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wk2hhsv6q2etqv5q3xjo6","dataset_version":"task1-v4","question":"A firm must support a high-risk allocation of 2. Before applying its risk-appetite ratio 0.5, it increases the allocation target by diversification buffer ratio 0.2. It also keeps 0.815 outside the allocable capital pool. Compute the minimum total capital required to fund the buffered high-risk allocation and the reserve.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the buffered high-risk allocation target","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"buffered_target_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wkrkfty7s3eqtgvh2q5gs","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial investment is V=2431500.25 USD. Signed market, interest, and inflation changes are cm=2, ci=-3, cf=3 percent, with corresponding signed sensitivities sm=1, si=-2, sf=1. Compute delta=V*(sm*cm/100+si*ci/100+sf*cf/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact market effect ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"market_effect_trace"},{"description":"Exact interest effect ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"interest_effect_trace"},{"description":"Exact inflation effect ratio.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"inflation_effect_trace"}]}}
{"answer_spec":{"allowed_values":["Call","Put","Neither"],"type":"enum"},"case_id":"t1_wnbhyl7oy52rf26rap7jk","dataset_version":"task1-v4","question":"Compare one-unit cash-settled vanilla call and put contracts on the same underlying and expiration. All USD amounts are per share. The exhaustive subjective scenarios have bullish terminal price 156 and lower bearish terminal price 39, with bullish probability 0.55. Each generated strike lies strictly between the two prices. Thus the call with strike 87.397 pays its bull-state intrinsic value and zero in the bear state, while the put with strike 97.916 pays zero in the bull state and its bear-state intrinsic value. Subtract call premium 4 and put premium 9 once from their respective probability-weighted payoffs. Use undiscounted simple terminal profit and ignore financing, discounting, dividends, and transaction costs. A strategy qualifies only if exact expected profit is at least 41 and exact worst-state profit is at least -14. Return the qualifying strategy with higher exact expected profit, choose Call on an exact tie, or return Neither when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Call`, `Put`, `Neither`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the positive bull-state call payoff rounded half up to cents","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"call_payoff_checkpoint"},{"description":"Report the positive bear-state put payoff rounded half up to cents","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"put_payoff_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"days"},"case_id":"t1_wo3va25r5vnzcfchhd24q","dataset_version":"task1-v4","question":"For a 365-day reporting year, a company reports annual cost of goods sold of 369489 USD, opening inventory of 49235 USD, and closing inventory of 50669 USD. Compute average inventory as the exact arithmetic mean of opening and closing inventory, compute inventory turnover as annual COGS divided by that exact average, and compute average days to sell as 365 divided by exact turnover. Do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `days` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact arithmetic mean of opening and closing inventory.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"average_inventory_trace"},{"description":"Exact inventory turnover retained for the final division.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"times_per_year"},"slot_id":"inventory_turnover_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wp32ctdrgelbnixnio3ek","dataset_version":"task1-v4","question":"Use exact arithmetic. Initial revenue is R=441900.75 USD and the downturn is d=24 percent, with 0<=d<=100. Compute new revenue=R*(1-d/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact remaining revenue ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"remaining_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_wpg3n3qvyju3crtfc2qxu","dataset_version":"task1-v4","question":"Two post-merger initiatives are evaluated over the same first-year horizon without assuming independence. The cost-synergy initiative has marginal success probability 0.7 and contributes 21 USD millions whenever it succeeds. The revenue-synergy initiative has marginal success probability 0.6 and contributes 16 USD millions whenever it succeeds. In this scenario, the cost-synergy probability is strictly higher than the revenue-synergy probability and their sum exceeds one. If both initiatives succeed, incremental benefit 21 USD millions is earned beyond the standalone benefits. Unconditional integration cost is 3 USD millions, and required expected net benefit is 29.3553 USD millions. Do not assume a dependence structure. Solve for the joint success probability needed to meet the target. The Fréchet lower bound is the revenue-synergy probability minus the cost-synergy failure probability, the upper bound is the revenue-synergy probability, and the band width is the cost-synergy failure probability. Report the percentage of this feasible band consumed above its lower bound by the required joint success probability. Zero percent is the lower bound, one hundred percent is the upper bound, and a result above one hundred percent is infeasible under the stated marginals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the gross expected benefit required before the integration cost is deducted","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"gross_requirement_checkpoint"},{"description":"Compute the lower feasible joint success probability from the ordered marginals","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"frechet_lower_bound_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_wprfipowbfuwsshtcnfao","dataset_version":"task1-v4","question":"A fictional wallet-monitoring policy observes a transfer of 1122 USD and compares it with a local threshold of 1161 USD. Divide transfer amount by threshold. What is the transfer-to-threshold multiple?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_wq4nveeutwnsiij7khgzw","dataset_version":"task1-v4","question":"A fictional hardship plan uses a zero-interest equal-principal policy, fully replacing ordinary amortization. Initial principal is 2271 USD, the scheduled monthly principal payment is 101 USD, 6 whole monthly payments have been made, and an extra payment of 101 USD is then applied. Scheduled principal paid equals monthly payment times months paid. Balance before extra payment is the larger of initial principal minus scheduled principal paid and zero. Balance after extra payment is the larger of that balance minus extra payment and zero. Remaining payoff time equals balance after extra payment divided by the monthly principal payment. What is the remaining payoff time in months?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Principal removed by scheduled payments.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"scheduled_paid_trace"},{"description":"Balance before the extra payment.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"balance_before_trace"},{"description":"Balance after the extra payment.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"balance_after_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wq4xvllwhdvl3b2krttro","dataset_version":"task1-v4","question":"Over one common annual period, a DeFi liquidity position has capital of 848 USD, earns fee-yield ratio 0.7, and incurs impermanent-loss ratio 3/7. An optional hedge covers 2/3 of that loss and, only when activated, costs 0.375 of capital. If the exact unhedged loss strictly exceeds the risk limit of 307 USD, activate the hedge; otherwise leave the position unhedged and pay no hedge cost. Return the selected net profit or loss in USD, excluding return of the original capital, using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the covered impermanent loss as a ratio of position capital.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"covered_loss_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wqmxa2g6sea6irvljuueq","dataset_version":"task1-v4","question":"Use exact arithmetic. Forecast earnings per share are 3.31 USD per share, the target payout ratio is 49 percent, and shares outstanding are 1768472. Convert the payout percentage to a ratio. Total dividend equals earnings per share times the payout ratio times shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Target dividend per share before any rounding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_wqpc6nhj7e5benihgobdq","dataset_version":"task1-v4","question":"Use exact arithmetic. Fixed annual savings identified at Company A are 12 USD million and those at Company B are 22 USD million. Add the two amounts to obtain total fixed annual savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_wril4ghb7pun6wqn75hhw","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual operating cost bases are 185 and 187 USD million, and redundant operations are expected to reduce their combined cost by 21 percent. Add the cost bases, convert the percentage to a ratio, and multiply to obtain annual cost savings.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined annual operating cost base.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_ws37mbousc5ufeikigmds","dataset_version":"task1-v4","question":"Given projected revenue of 1025, operating expenses of 361, and a required operating margin of 34.16355, determine the maximum COGS that can be incurred while exactly meeting the margin requirement. Report the result in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Convert the required operating margin from percent to a ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"target_margin_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wsipqp24lwdverho7xduy","dataset_version":"task1-v4","question":"A fictional market event changes only the stated trading volume. The initial volume is 973 USD and the increase is 102 percent. Convert the percentage to a ratio, add one, and multiply by the initial volume. What is the new trading volume in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact multiplier applied to volume.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"volume_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_wteevaz234l5q66r4rfj4","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 5093318 USD, preferred shares outstanding are 33521, the preferred dividend is 1.7 USD per preferred share each quarter, and common shares outstanding are 797061. The disclosed inputs always make net income exceed annual preferred dividends. Annual preferred dividends equal preferred shares times the quarterly dividend per share times four. Subtract that amount from net income and divide by common shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual preferred dividend requirement.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Earnings available to common shareholders.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wuhyp7miae2hfe42hpysg","dataset_version":"task1-v4","question":"A fictional digital account receives 973 USD at the end of each month for 15 months. Its monthly compound rate is 98 percent. Convert the rate to a ratio i. Under the disclosed ordinary-annuity rule, future value equals monthly deposit times ((1+i) raised to the number of months minus 1) divided by i. What is the future value in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted monthly rate ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"monthly_rate_trace"},{"description":"Exact compound growth power.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_power_trace"},{"description":"Exact ordinary-annuity factor.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"annuity_factor_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_wwcsabvam2t4ck5uou6j6","dataset_version":"task1-v4","question":"Under this scenario-defined mean-variance score, Asset A has portfolio weight 0.4 and Asset B receives the complementary weight. Their return volatilities are 0.2 and 0.15. A risk engine supplies base weighted covariance cross-term contribution 0.0032 and stress contribution 0.008; each already equals twice the product of both portfolio weights and the regime covariance. Use the stress contribution when 0.2 is at least 0.5, and otherwise use the base contribution. Portfolio variance is the sum of the two squared weight-scaled volatilities and the selected contribution. The score equals portfolio excess return minus 2 times variance. What total portfolio return makes this score equal 0 when the risk-free rate is 0? Report a percentage.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the first asset's weighted volatility.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_volatility_a_checkpoint"},{"description":"Report the second asset's weighted volatility.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"weighted_volatility_b_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wwkn6f6odogvoqlfnfj7e","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio calculation. Expected value in USD is 244. Volatility ratio is 1.4. Spread equals expected value times volatility ratio. Lower bound equals expected value minus spread. Upper bound equals expected value plus spread. Round only the final upper bound half up to two decimals. Report spread and exact lower bound.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact band spread.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"band_spread_usd"},{"description":"Report exact lower bound.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"lower_bound_usd"}]}}
{"answer_spec":{"allowed_values":["full_remediation","capital_priority","liquidity_priority","no_feasible_plan"],"type":"enum"},"case_id":"t1_wx255ni6rohiwu6a2mtgk","dataset_version":"task1-v4","question":"Under this scenario-local compliance policy, an institution has current capital 81 against required capital 98, and liquid assets 91 against required liquidity 98. Closing one dollar of capital gap costs ratio 2, closing one dollar of liquidity gap costs ratio 0.5, every submitted plan also costs 4, and the total budget is 36. Requirements exceed current resources. Return exactly `full_remediation`, `capital_priority`, `liquidity_priority`, or `no_feasible_plan`. Use `full_remediation` when both gaps plus filing are affordable. Otherwise prescribe the single-gap plan for the larger gap, using `capital_priority` on an exact gap tie and `liquidity_priority` when the liquidity gap is larger; return the prescribed token only if that plan is affordable, and return `no_feasible_plan` otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `full_remediation`, `capital_priority`, `liquidity_priority`, `no_feasible_plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of required capital already covered","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"capital_coverage_checkpoint"}]}}
{"answer_spec":{"allowed_values":["option_a","option_b","neither_option"],"type":"enum"},"case_id":"t1_wxozu3vyetaizbyzlngdo","dataset_version":"task1-v4","question":"A company has current common EPS 0.5 and requires pro forma EPS of at least 0.8. Under this scenario, each financing option completes exactly three sequential common-share issuance stages. Option A adds total earnings of 0.5 per current share, and its per-stage share-base increase is 0.7; the same increase applies at each stage, so its cumulative share multiple is (1 + the ratio)^3. Option B analogously adds 1 per current share and uses per-stage increase 0.8 for cumulative multiple (1 + the ratio)^3. An option qualifies only if its exact pro forma EPS meets the floor. Return exactly `option_a`, `option_b`, or `neither_option`: select the qualifying option with the higher exact EPS, use `option_a` on an exact tie, and use `neither_option` if neither qualifies. This is a fictional three-stage financing scenario, not a general accounting rule.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `option_a`, `option_b`, `neither_option`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Option A share-base multiple after one issuance stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"a_one_stage_share_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_wynv3xgkgjv4i2sdztr2g","dataset_version":"task1-v4","question":"A saver enters a three-year retirement bridge with 90756.003. The remaining balance earns 0.03 annually. Withdrawals occur at each year-end: W after year 1, W times one plus 0.06 after year 2, and W times the square of that growth factor after year 3. Immediately after the third withdrawal, 40836 must remain. Compute the exact first-year withdrawal W that leaves the required reserve. Define the reserve equality using the unrounded exact withdrawal, then report W in USD rounded half up to two decimal places; the displayed amount is a reporting approximation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the gross two-year value of the opening capital before withdrawals","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"two_year_gross_capital_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_x5vhuivjwn576752pvxog","dataset_version":"task1-v4","question":"Use exact arithmetic. Forecast earnings per share are 3 USD per share, the target payout ratio is 54 percent, and shares outstanding are 1804772. Convert the payout percentage to a ratio. Total dividend equals earnings per share times the payout ratio times shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Target dividend per share before any rounding.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xac4jih6nibqlymrtkcrq","dataset_version":"task1-v4","question":"A USD-quoted FX position contains 162384 base-currency units. One pip changes the USD quote by USD 0.02 per base unit. Compute the USD value of one pip as position units x pip size. Use exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xh2lwogys5ksbifxs2vua","dataset_version":"task1-v4","question":"A portfolio must keep the sum of market-shock loss and liquidity-spread cost within 2. The market shock ratio is 0.0974805, its loss sensitivity is 0.5, and the liquidity spread ratio is 0.1. Both loss components scale with the same portfolio value. Compute the maximum portfolio value that exactly exhausts the combined loss budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market-shock loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"market_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_xhxofiyqq2jsyzm6a6w5s","dataset_version":"task1-v4","question":"An investor allocates weight w of capital 10158.003 to Strategy A and the complementary weight to Strategy B. The downturn probability is 0.7, with the complementary probability assigned to the upside scenario. Strategy B earns upside return 0.1 and loses 0.15 in the downturn. Strategy A earns the B upside return plus positive incremental return 0.25, but loses the B downturn loss plus positive incremental loss 0.25; both resulting Strategy A rates remain below one. The portfolio must end with at least 11724.1910625 in the upside scenario and at least 6632.552 in the downturn. These two requirements create a nonempty feasible interval strictly inside zero and one for w: the upside requirement supplies the lower endpoint and the downturn requirement supplies the upper endpoint. Portfolio ending values are linear weighted combinations of the two strategies, with no interaction, leverage, fees, or rebalancing. If the exact probability-weighted ending value from allocating all capital to A is greater than that from allocating all capital to B, choose the upper endpoint; otherwise, including an exact tie, choose the lower endpoint. Determine feasibility and select the endpoint using exact unrounded values. Report the selected exact Strategy A weight as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation, not the operative exact endpoint.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Strategy A's probability-weighted upside ending value","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"strategy_a_weighted_upside_checkpoint"},{"description":"Report Strategy B's ending value in the downturn","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"strategy_b_downturn_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_xjblsdhgo47uqbchj2dbe","dataset_version":"task1-v4","question":"Under this scenario's annual fee contract, a portfolio has gross expected return 0.10505, volatility 0.2, and beta 0.25. The market return is 0.1 and the risk-free rate is 0.04. A management fee rate reduces expected return one-for-one, so net return equals gross return minus the fee; it does not change volatility, beta, the market return, or the risk-free rate. The net portfolio must retain a Sharpe ratio of at least 0.4 and Jensen's alpha of at least 0. Compute the exact maximum annual management-fee rate that satisfies both constraints. Test both constraints using the unrounded exact rate, then report that rate as a percentage rounded half up to two decimal places; the displayed percentage is a reporting approximation of the exact maximum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the market risk premium used by the alpha constraint.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"market_premium_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xjhoraa3fncvba6v3s3ms","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=464835.25 USD. Signed credit and market shocks are qc=2 and qm=-1 percent, with signed sensitivities sc=0 and sm=0. Compute credit impact=V*(qc/100)*sc, market impact=V*(qm/100)*sm, and their signed sum in USD. Use no intermediate rounding, then round only the final total half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact credit impact.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"credit_impact_trace"},{"description":"Exact market impact.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"market_impact_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xjropb5ujd2j4too74bjm","dataset_version":"task1-v4","question":"Two project plans have identical non-cleanup cash flows, so those cash flows cancel in their NPV difference. The valuation-date base cleanup estimate is 1024. It grows at the nominal effective annual escalation rate 0.1, so the early plan pays the resulting cleanup cost at the end of year 8. The deferred plan pays the resulting cleanup cost at the end of year 11, together with a separate fixed nominal administration outflow of 273.7 paid only at that terminal date. Discount all cleanup-related cash flows at the nominal effective annual rate 0.2, compounded annually. The escalation and discount rates use the same currency and inflation basis and are decimal ratios. Compute NPV(deferred plan) minus NPV(early plan). A positive result favors deferral, a negative result favors early cleanup, and zero means equal NPV. Report signed USD to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the cumulative cleanup escalation factor to the early payment date.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"early_cleanup_growth_factor_checkpoint"},{"description":"Report the cumulative discount factor to the deferred terminal date.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"terminal_discount_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_xltqz2wvxvheo7gj5dz2w","dataset_version":"task1-v4","question":"An asset has original cost 72.01 in USD millions. Under straight-line depreciation, 0.8 of its depreciable life has elapsed. Determine the residual value that would produce a target carrying amount of 29.71 at that point. Report the result in USD millions, rounded to two decimal places using half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Recover accumulated depreciation from cost and target carrying amount","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"implied_depreciation_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_xn5e4k7kdnul65itqxeko","dataset_version":"task1-v4","question":"Value a target using two methods under the buyer's stated reconciliation policy. The revenue method uses revenue 49 and revenue multiple 3. The EBITDA method uses EBITDA 11 and EBITDA multiple 10. Compare the two enterprise values: their dispersion is the higher value minus the lower value, and the permitted dispersion equals the lower value multiplied by 0.15. If the methods are consistent within that tolerance, use their mean enterprise value; otherwise use the lower enterprise value. Then deduct total debt 9 and add cash 4.865, which are the only enterprise-value-to-equity-value adjustments in this scenario. Report the reconciled equity value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute enterprise value under the revenue method","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"revenue_value_checkpoint"},{"description":"Compute enterprise value under the EBITDA method","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"ebitda_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xohneoz64hdsbn4ksemju","dataset_version":"task1-v4","question":"A portfolio worth 99 has factor shock ratios 0.2 and 0.2, with respective loss sensitivities 0.4 and 0.4. Their joint effect is the product of both shocks and 0.2. A concentration ratio 0.1 adds its squared value to the modeled loss rate. Compute the modeled loss from the sum of both linear factor rates, the joint rate, and the concentration square. The required capital charge is the larger of that modeled loss and external stress loss 5.4.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the joint interaction loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"joint_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xq77hrnbsiltgn3cwbewo","dataset_version":"task1-v4","question":"A customer expects monthly transfer volume 1167 and 11 transfers per month for 10 months. Plan A charges proportional transfer rate 0.015, fee 1 per transfer, monthly subscription 11, and one-time setup fee 204. Plan B charges 0.025, 2, 17, and one-time setup fee 82. Each setup fee is charged exactly once at account opening, not once per month or transfer. Using full precision, compute Plan A savings relative to Plan B, defined as Plan B total cost minus Plan A total cost. Report the signed savings amount in USD, rounded half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report total transfer volume over the horizon.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"horizon_volume_checkpoint"},{"description":"Report total transfer count over the horizon.","position":2,"result_spec":{"rounding":{"decimal_places":0,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"slot_id":"horizon_count_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xqepc35azhoszpv5vwpys","dataset_version":"task1-v4","question":"An issuer will split a total financing principal between a green-bond tranche and a conventional tranche. The green tranche receives share 0.2, earns annual yield ratio 0.01, and compounds for 9 annual periods. The remaining principal funds the conventional tranche, which earns annual yield ratio 0.05 and compounds for 5 annual periods. Total maturity repayment equals the green principal share multiplied by its compound maturity factor plus the conventional principal share multiplied by its compound maturity factor. Given the total maturity-repayment cap 297, compute the maximum total principal that makes repayment exactly equal to the cap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the full-term compound factor for the green-bond tranche","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"green_maturity_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xsf7kgpst3ybflcs5uijk","dataset_version":"task1-v4","question":"A company has total assets of 47510 USD and total liabilities of 26775 USD. Using Assets = Liabilities + Equity, compute total equity. Preserve a negative result if liabilities exceed assets.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xvnm4kwbngxkaoalc6p6e","dataset_version":"task1-v4","question":"Use exact arithmetic. Vega is G=17.5 USD of option-value change per one percentage-point volatility step, and the signed number of such steps is n=-0.0135. Compute change=G*n in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xwmgu7u7btk57kzd2nq2u","dataset_version":"task1-v4","question":"An asset costs 113825 USD, has zero residual value, and has a useful life of 12 years. Compute depreciation in year 5 using the sum-of-the-years-digits method. Year 1 is the first depreciation year.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Sum of integers from one through useful life.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"dimensionless"},"slot_id":"trace_1"},{"description":"Exact SYD depreciation factor.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_xxuuazejfyao7kh6awkyq","dataset_version":"task1-v4","question":"Use exact arithmetic. Last year's dividend per share was 2.4 USD, the stable growth rate is 6 percent, and current shares outstanding are 1821261. Convert the growth percentage to a ratio. New dividend per share equals last dividend per share times one plus growth. Total dividend equals the exact new dividend per share times shares outstanding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"One plus the exact growth rate.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_1"},{"description":"New dividend per share before rounding.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_y3xla342kzzlskoymptqg","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local securities policy. Ownership percent is 4.886. Transaction value in USD is 102790. Ownership threshold percent is 4. Value threshold in USD is 99110. Reporting is required when ownership is at least its threshold or value is at least its threshold. Equality triggers each branch. Report both trigger Booleans before the final Boolean.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report ownership trigger.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"ownership_trigger"},{"description":"Report value trigger.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"value_trigger"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_y5rnt67haksnhrcfvnche","dataset_version":"task1-v4","question":"Net sales are 1352604 USD and the unadjusted asset base is 2644720 USD. A depreciation adjustment of 406760 USD reduces that asset base, with sales unchanged. Compute the increase in asset turnover: adjusted turnover minus unadjusted turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Asset turnover before the adjustment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_1"},{"description":"Asset base after deducting depreciation.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"},{"description":"Asset turnover after the adjustment.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"trace_3"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_y6ss5xnw5v675bwm4l542","dataset_version":"task1-v4","question":"A household must cover essential outlays of 254, planned discretionary outlays of 148, and an emergency-reserve contribution of 396 while also saving 0.25 of total income in a separate savings commitment. Compute the exact minimum total-income threshold that meets all four commitments. Determine feasibility from the unrounded exact threshold, then report that threshold in USD rounded half up to two decimal places; the displayed amount is a reporting approximation of the exact minimum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the combined cash commitments before solving for income","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"cash_needs_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ya2hfdiqktoujqbuainkw","dataset_version":"task1-v4","question":"A wallet makes a current transfer of 876 USD after prior transfers of 81 USD and 122 USD. Its rolling-window whale threshold is 975 USD. For a concentrated single-transfer check, this threshold is reduced by haircut ratio 0.2999997, so the single-transfer threshold is the rolling threshold times (1-single-threshold haircut ratio). The wallet's total activity over the monitoring horizon, including all three transfers, is 1213 USD. Compute current-transfer concentration as current transfer divided by total activity. If it is at least 0.8, including exact equality, report the current transfer's excess over the haircut-adjusted single-transfer threshold; otherwise report the three-transfer total's excess over the unadjusted rolling threshold. Use exact arithmetic for threshold adjustment, concentration, and branch selection, and round only the final USD excess half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the retained fraction used to derive the concentrated-transfer threshold.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"single_threshold_retention_checkpoint"}]}}
{"answer_spec":{"allowed_values":["Enhanced review","Standard review"],"type":"enum"},"case_id":"t1_ya5ba4dnpgprbvgm7t4gq","dataset_version":"task1-v4","question":"Apply the fictional scenario-local transaction-review policy given here, not current law or regulatory guidance. Three related cash transactions are 4, 13, and 5. The aggregate review threshold is 21. The customer's historical average cash transaction is 9, and the baseline largest-to-history spike-ratio threshold is 4. At each of exactly three sequential adjustment stages, reduce the surviving spike threshold by fraction 0.1876547 of its then-current value, with no replenishment between stages; the effective threshold is the baseline multiplied by one minus that fraction three successive times. Define the spike ratio as the largest transaction divided by the historical average. The policy also records false and false. Return Enhanced review when aggregate volume strictly exceeds its threshold and the spike ratio strictly exceeds the effective threshold, or when either critical flag is true. Otherwise return Standard review. Report the one-stage threshold-retention factor independently using half-up rounding to six decimals, then return the exact policy route.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Enhanced review`, `Standard review`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the threshold fraction retained after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"spike_threshold_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_yb6gxlzwxm6e4sdhcjxz6","dataset_version":"task1-v4","question":"A fictional hardship plan uses a zero-interest equal-principal policy, fully replacing ordinary amortization. Initial principal is 2752 USD, the scheduled monthly principal payment is 98 USD, 33 whole monthly payments have been made, and an extra payment of 0 USD is then applied. Scheduled principal paid equals monthly payment times months paid. Balance before extra payment is the larger of initial principal minus scheduled principal paid and zero. Balance after extra payment is the larger of that balance minus extra payment and zero. Remaining payoff time equals balance after extra payment divided by the monthly principal payment. What is the remaining payoff time in months?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Principal removed by scheduled payments.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"scheduled_paid_trace"},{"description":"Balance before the extra payment.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"balance_before_trace"},{"description":"Balance after the extra payment.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"balance_after_trace"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_ybmd6hr4tisjc7lchbq7q","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local early-retirement bridge policy. Liquid savings in USD are 294. Annual spending in USD per year is 99. Positive integer bridge years are 2. Annual other income in USD per year is 0. Contingency ratio is 0. Net annual need is the larger of spending minus other income and zero. Base bridge need equals net annual need times bridge years. Contingency equals base need times the ratio. Required capital equals base need plus contingency. Funding gap equals required capital minus savings. The plan is funded when savings are at least required capital, including equality. Report net annual need, required capital, and funding gap.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report net annual need.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"net_annual_need"},{"description":"Report required capital.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"required_capital_usd"},{"description":"Report signed funding gap.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"funding_gap_usd"}]}}
{"answer_spec":{"allowed_values":["Plan A","Plan B","Neither plan"],"type":"enum"},"case_id":"t1_ybpdvombp4upykgadkkvi","dataset_version":"task1-v4","question":"Apply the fictional scenario-local compliance planning policy given here, not current law or regulatory guidance. Inherent risk is 0.8. Plan A has per-stage fractional risk reduction 0.3876547, implementation cost 51 USD, monitoring cost 36.625 USD, and fractional cost credit 0.2. Plan B has per-stage fractional risk reduction 0.42, implementation cost 51 USD, monitoring cost 38.3675 USD, and fractional cost credit 0.2. For each plan, apply its stated reduction to surviving risk in exactly three sequential stages with no risk replenishment; equivalently, multiply inherent risk by one minus that plan's per-stage fraction three successive times. Net cost equals the sum of implementation and monitoring costs multiplied by one minus its credit fraction. A plan qualifies only if residual risk is no more than 0.2 and net cost is no more than 99 USD. If both qualify, choose the lower exact net cost, with Plan A on an exact tie. If only one qualifies, choose it; otherwise return Neither plan. Report Plan A's one-stage retained-risk factor independently to six decimal places, and return the selected plan from exact predicates and costs.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Plan A`, `Plan B`, `Neither plan`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report Plan A's retained-risk factor after one of the three identical sequential reduction stages.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"plan_a_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ybub3gx3jqllq2cubkkee","dataset_version":"task1-v4","question":"An investor buys 86 shares at USD 43 each, receives a holding-period dividend of USD 3 per share, and sells all shares at USD 47 each. Compute total dollar return = sale proceeds + dividends - purchase cost. Use exact arithmetic and round only the final dollar result.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total purchase cost.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"purchase_cost_trace"},{"description":"Total dividends received.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_dividends_trace"},{"description":"Total sale proceeds.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"sale_proceeds_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ybzlhcrsqztnl36klrwra","dataset_version":"task1-v4","question":"A risk desk permits a VaR budget of 1.222. The position has daily volatility 0.05, uses confidence multiplier 3, and is held for 9. Under square-root-of-time scaling, compute the maximum portfolio exposure that keeps parametric VaR within the budget.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report volatility scaled to the holding horizon","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"horizon_volatility_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ydvgf3nm6zrtig24uen7k","dataset_version":"task1-v4","question":"A fictional token begins with 1141375 units at 980 USD per token. The protocol first burns 100.5 percent of initial supply, then emits 102 percent of the post-burn supply. A local signed market reaction changes price by 1 percent. Convert the percentages to ratios. Adjusted supply equals initial supply times one minus burn ratio times one plus emission ratio. Adjusted price equals initial price times one plus reaction ratio. What is the final market cap in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Supply after burn.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"post_burn_supply_trace"},{"description":"Supply after emission.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"adjusted_supply_trace"},{"description":"Price after market reaction.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_count"},"slot_id":"adjusted_price_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_yeqox26j3jqa35xyty6gg","dataset_version":"task1-v4","question":"A project costs USD 9630 now and generates USD 2192 at each year-end for four years. It also has USD 1282 of salvage at the end of year four. At an annual discount rate of 13 percent, discount four separate savings payments, combine the fourth saving with salvage before discounting, sum all present values, and subtract the initial investment. Use exact arithmetic throughout.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined year-four savings and salvage.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"year_four_total_trace"},{"description":"Present value of the year-four total.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_year_four_trace"},{"description":"Total present value of benefits.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_pv_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_yewhwuvgexiitl4ok2lbm","dataset_version":"task1-v4","question":"Evaluate a simplified full-year run-rate after a stylized acquisition. The acquirer's predeal common shares have aggregate reference equity value 497 at one fixed contractual share price. Upfront base consideration is 98, excluding the earnout; 0.5 is paid in cash and the remainder in common shares. A fully realized earnout with settlement value 49, incremental to the base consideration, is settled entirely in common shares at the same unchanged price, and every deal share is outstanding for the full year. The entire upfront cash leg is debt-funded at annual pre-tax interest rate 0.1. Same-period standalone after-tax net income is 102 for the acquirer and 9 for the target; target net income excludes the separately stated recurring annual pre-tax synergies of 19.195. With tax rate 0.2, after-tax synergies and interest each equal their pre-tax amount times one minus that rate, and the full interest tax shield is usable. Ignore purchase-accounting amortization, transaction and integration costs, share weighting, price reaction, and all other share or earnings changes. Determine adjusted EPS accretion or dilution versus the acquirer's standalone EPS as a percentage; positive means accretion and negative means dilution.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report new deal shares as a ratio of the predeal common-share base","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"deal_share_issuance_checkpoint"},{"description":"Report annual pre-tax interest on the debt-funded upfront cash leg","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"pretax_interest_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_yfmzrynsye3ysfvecwv6i","dataset_version":"task1-v4","question":"Use exact arithmetic. Stock consideration is 44999700 USD and the agreed value per issued share is 947156 USD per share. Divide stock consideration by share value to obtain the number of shares issued.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"allowed_values":["Customer attrition loss is larger","Tax exposure loss is larger","Expected losses are equal"],"type":"enum"},"case_id":"t1_yhqocplkauslffmytsrvi","dataset_version":"task1-v4","question":"At one valuation date, verified recurring EBITDA is 102 and target-controlled confirmed run-rate savings not already included in that amount are 21. The base case applies valuation multiple 11. In a customer-attrition state, recurring EBITDA falls by 21 and the valuation multiple compresses to 9; that state occurs with probability 0.3. Define expected customer value loss as the state probability times the difference between base-case and attrition-case enterprise values. A separate, non-overlapping gross tax exposure of 483 crystallizes with probability 0.5, and insurance recovers fraction 0.5 if it crystallizes. Define expected tax loss as crystallization probability times the uninsured exposure. Compare the two exact unrounded expected losses and return exactly Customer attrition loss is larger, Tax exposure loss is larger, or Expected losses are equal. This is a scenario-local diligence attribution, not a statement of current law or a general risk ranking.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Customer attrition loss is larger`, `Tax exposure loss is larger`, `Expected losses are equal`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute recurring EBITDA in the customer-attrition state","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"attrition_case_ebitda_checkpoint"},{"description":"Compute the tax exposure remaining after insurance recovery","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"slot_id":"uninsured_tax_exposure_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"risk_point"},"case_id":"t1_yi3xusaj2wvng2dqywbue","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local portfolio policy. Asset A weight is 0.75. Asset B weight is 0.25. Asset A risk points are 1. Asset B risk points are 7. Concentration penalty points are 2. Use weights directly without normalization. Base risk is the sum of weight-times-risk components. Concentration applies when the larger weight is at least 0.6, including equality; then add the penalty, otherwise add zero. Round only the final risk score half up to two decimals. Report base risk, concentration condition, and applied penalty.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `risk_point` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report exact base risk.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"base_risk_score"},{"description":"Report concentration condition.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"concentration_condition"},{"description":"Report applied penalty.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"risk_point"},"slot_id":"applied_penalty_points"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_yk6i3fbbwilgqxfamrvfe","dataset_version":"task1-v4","question":"A company has market-value common equity E of 86.28 USD million and market-value interest-bearing debt D of 16.4 USD million. Its common-equity beta is 1, the annual nominal risk-free rate rf is 3.5 percent, the expected annual nominal market return rm is 9.5 percent, the annual nominal pretax debt cost kd is 5 percent, and the corporate tax rate T is 28.5 percent. The market return is greater than the risk-free rate. Let ke=rf+beta*(rm-rf), V=E+D, wE=E/V, wD=D/V, and WACC=wE*ke+wD*kd*(1-T/100). Use exact arithmetic and do not round any intermediate value.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact expected market risk premium.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"market_risk_premium_percent"},{"description":"Exact CAPM common-equity cost percentage.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"capm_equity_cost_percent"},{"description":"Exact debt capital weight.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"debt_weight"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"dimensionless"},"case_id":"t1_ykx6jdbfyoo7xztnwfmqe","dataset_version":"task1-v4","question":"A fictional local sentiment model uses a normalized volume-change signal of -16/17 and a sensitivity multiple of 2. Multiply the signal by the sensitivity. What is the resulting dimensionless volume-sentiment score?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `dimensionless` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ynczkadvu2ybqrgsnmkbw","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=102420.25 USD. Weights w1=9, w2=39, w3=49 percent sum exactly to 100; signed sensitivities are s1=0, s2=0, s3=0; signed common rate change is c=2 percent. Define weighted sensitivity S=w1*s1/100+w2*s2/100+w3*s3/100 and change=V*(c/100)*S. Compute signed USD change without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact weighted sensitivity.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"weighted_sensitivity_trace"},{"description":"Exact signed factor-change ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ynjxezmm4iwolip4wzhoy","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=33613.32 USD; daily volatility is s=4.5 percent; the participant-visible exact time-scaling scenario multiplier is t=2.4; and the participant-visible exact scenario z multiplier is z=1.8. All case values lie in V from 20000 through 100000, s from 2 through 6, t from 17/10 through 63/20, and z from 7/5 through 41/20. Treat t and z as supplied exact data: do not compute a square root, a normal quantile, or a confidence level. Compute VaR=V*(s/100)*t*z in USD with no intermediate rounding, then round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact daily volatility ratio used by the VaR calculation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"volatility_ratio_trace"},{"description":"Exact volatility ratio after applying supplied time and z multipliers.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"scaled_volatility_trace"}]}}
{"answer_spec":{"allowed_values":["Bullish","Neutral","Bearish"],"type":"enum"},"case_id":"t1_ynvfdpblvyqohrnedxo2u","dataset_version":"task1-v4","question":"The tweet and news average polarities use a scenario-defined scale from -1 to 1. The raw tweet signal is 9 times signed average polarity -5/9. Under this scenario, it passes through exactly three sequential moderation stages with no replenishment between stages. At each stage, the same ratio u=0.25 of the surviving signed signal is removed, so each stage retains 1-u and the final retention factor is (1-u)^3. The news contribution is 22 times signed average polarity -0.5 times influence factor 7/19. Add the retained tweet contribution, the news contribution, and the separate signed dimensionless market signal -5. Classify the exact aggregate as Bullish when it is at least 14, Bearish when it is at most the negative of 9, and Neutral otherwise.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Bullish`, `Neutral`, `Bearish`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the signed-signal retention factor after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"tweet_retention_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_yoac5mfif6tw53tlrvud4","dataset_version":"task1-v4","question":"Under the simplified tax rules stated for this scenario, a taxpayer's total tax budget is 4953.0125, of which 992.6025 is already committed. Additional taxable income is charged at 0.2, and only 0.4 of additional gross income enters the taxable base. Compute the exact maximum additional gross-income threshold that stays within the tax budget. Test the budget using the unrounded exact threshold, then report that threshold in USD rounded half up to two decimal places; the displayed amount is a reporting approximation of the exact maximum.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the share of the total tax budget already committed","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"committed_tax_budget_share_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_yozbu6yg5bcx75ypvicig","dataset_version":"task1-v4","question":"Net sales are 1378324 USD, beginning total assets are 1741650 USD, and ending total assets are 1683659 USD. Use the arithmetic mean of beginning and ending assets. Compute asset turnover.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Arithmetic mean of beginning and ending assets.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_yqji5tbfi2clmad4dx5vo","dataset_version":"task1-v4","question":"A wallet has two prior transfers of 396 USD and 496 USD in the current monitoring window. Its base rolling whale threshold is 793 USD and is increased by risk-adjustment ratio 0.2961905. What next transfer amount would make the rolling total exceed the adjusted threshold by exactly 196 USD? Use exact arithmetic and report the required transfer in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the multiplicative risk-adjustment factor used by the rolling whale threshold.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"threshold_adjustment_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_yr6lie5jp5k7ee22dcg3s","dataset_version":"task1-v4","question":"Two companies jointly purchase carbon credits. Company 1 must offset 128 metric tons of CO2e and company 2 must offset 178 metric tons of CO2e; each amount is an integer from 50 through 300 inclusive. One credit offsets exactly one metric ton, and each credit costs 14 USD, an exact decimal from 10.00 through 20.00 inclusive with at most two decimal places. A 8 percent discount, an exact decimal from 5.00 through 10.00 inclusive with at most two decimal places, applies to the entire exact gross cost only when the combined credit quantity is strictly greater than 293, an integer from 200 through 400 inclusive. Equality does not qualify. Compute the combined net cost with exact arithmetic and round only the final USD amount half up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact combined quantity used by the strict threshold comparison.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"credits"},"slot_id":"total_credits_trace"},{"description":"Exact gross combined cost before conditional selection.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_cost_trace"},{"description":"Exact discounted candidate cost; no trace rounding feeds the final selection.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"discounted_cost_trace"}]}}
{"answer_spec":{"allowed_values":["Enhanced review","Standard review"],"type":"enum"},"case_id":"t1_yraujfphgffos3zejsv34","dataset_version":"task1-v4","question":"Apply the fictional scenario-local transaction-review policy given here, not current law or regulatory guidance. Three related cash transactions are 14, 6, and 6. The aggregate review threshold is 21. The customer's historical average cash transaction is 11, and the baseline largest-to-history spike-ratio threshold is 1. At each of exactly three sequential adjustment stages, reduce the surviving spike threshold by fraction 0.1999995 of its then-current value, with no replenishment between stages; the effective threshold is the baseline multiplied by one minus that fraction three successive times. Define the spike ratio as the largest transaction divided by the historical average. The policy also records false and false. Return Enhanced review when aggregate volume strictly exceeds its threshold and the spike ratio strictly exceeds the effective threshold, or when either critical flag is true. Otherwise return Standard review. Report the one-stage threshold-retention factor independently using half-up rounding to six decimals, then return the exact policy route.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Enhanced review`, `Standard review`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the threshold fraction retained after one stage.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"spike_threshold_residual_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_yrt5cns3pz3bnhuahzpx2","dataset_version":"task1-v4","question":"A company has equity value 3, debt value 1.190881, cost of equity percentage 10, and corporate tax rate ratio 0.22. The WACC ceiling 9 is also a percentage. Determine the maximum pre-tax cost of debt that keeps its WACC at that ceiling. Report the cost of debt as a percentage rounded half-up to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Compute the debt-to-equity ratio used by the inverse WACC calculation","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"debt_to_equity_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_ysft3efmwuuwtahof6nn6","dataset_version":"task1-v4","question":"Use exact arithmetic. Annual supply-chain spend is 744 and 755 USD million, annual cost reduction is 14 percent, the savings horizon is 3 years, annual discount rate is 12 percent, and up-front integration cost is 181 USD million. The disclosed horizon is exactly 3, 4, or 5 years. Annual saving equals combined spend times the reduction-rate ratio. For each year t from 1 through the disclosed horizon, discount that same annual saving by dividing it by one plus discount rate to power t. NPV savings equal the exact sum of those discounted amounts. Net NPV benefit equals NPV savings minus integration cost.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact recurring annual supply-chain saving.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Exact NPV of recurring savings for the selected horizon.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_yss4nwshjwn2lflgx3tb6","dataset_version":"task1-v4","question":"An issuer will split a total financing principal between a green-bond tranche and a conventional tranche. The green tranche receives share 11/21, earns annual yield ratio 0.05, and compounds for 5 annual periods. The remaining principal funds the conventional tranche, which earns annual yield ratio 0.2 and compounds for 9 annual periods. Total maturity repayment equals the green principal share multiplied by its compound maturity factor plus the conventional principal share multiplied by its compound maturity factor. Given the total maturity-repayment cap 247, compute the maximum total principal that makes repayment exactly equal to the cap.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the full-term compound factor for the green-bond tranche","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"green_maturity_factor_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ysvpffbkd43zl6d7rajke","dataset_version":"task1-v4","question":"Conditional on one modeled fraud event, exactly one of three mutually exclusive and exhaustive loss states occurs. The minor state has probability 0.2. Conditional on the minor state not occurring, the moderate state has probability 0.5; otherwise the severe state occurs. Their gross fraud losses are 102, 201, and 394 USD, and the account reimburses fractions 0.25, 0.6, and 0.4. Compute actual expected reimbursement across the three states. Then form a scenario-specific flat-rate benchmark by applying the probability-weighted mean reimbursement rate uniformly to expected gross loss. Report actual expected reimbursement minus that benchmark in USD. A positive result means state-specific rates allocate more expected reimbursement to higher-loss states than the flat-rate benchmark, while a negative result means less. This is a loss-severity alignment diagnostic, not an industry, adequacy, premium, or actuarial benchmark. Use exact arithmetic and round the final amount half up to two decimals.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the probability-weighted moderate-state gross loss.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"moderate_weighted_loss_checkpoint"},{"description":"Report the probability-weighted severe-state gross loss.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"severe_weighted_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_yttllnvbtclv4rfkkkoe2","dataset_version":"task1-v4","question":"A fictional global event affects a locally described crypto asset. Its pre-event price is 972 USD and the disclosed drop is 2 percent. Convert the drop to a ratio, subtract it from one, and multiply the result by the initial price. What is the post-event price in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Fraction of price retained after the event.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"retention_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_yuxlogh3jfr54p7nujp3s","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 7732299 USD, preferred shares are 35938, the quarterly preferred dividend is 2 USD per preferred share, beginning common shares are 611938, and the stock-split factor is 1. The disclosed inputs make net income exceed annual preferred dividends. Annualize preferred dividends over four quarters and subtract them from net income. For EPS, apply the stock split retroactively to all beginning shares for the full year, so adjusted weighted-average shares equal beginning shares times the split factor. Divide common earnings by those adjusted shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annual preferred dividends.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Full-year share denominator restated for the stock split.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_yzlzwwlz2gc7ctp7vgde6","dataset_version":"task1-v4","question":"An asset has historical cost 173145 USD and accumulated depreciation 56655 USD. Its fair value less costs of disposal is 80761 USD and its value in use is 76654 USD. Recoverable amount is the larger of those two values. Compute impairment loss = max(0, carrying amount minus recoverable amount).\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Carrying amount before impairment.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Larger of fair value less costs and value in use.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"allowed_values":["Scenario A","Scenario B","Neither scenario"],"type":"enum"},"case_id":"t1_z2vkgkmnqoa4cipxg73lk","dataset_version":"task1-v4","question":"Compare two financing scenarios using corporate tax rate ratio 0.27 and maximum permitted WACC percentage 6.64051445268552668015125. Under this scenario's internal leverage covenant, debt ratio means debt divided by debt plus equity, D/(D+E), and its permitted ceiling starts at 1.00. At each of exactly three sequential covenant stages the company reduces the remaining ceiling by the same fraction t=0.1999995, so the final shared ceiling is (1-t)^3. This is a scenario-specific financing policy, not a general regulatory rule. Scenario A has equity value 48.392622809539255975, debt value 50.8481135136584460125, cost of equity percentage 8, and pre-tax cost of debt percentage 3. Scenario B has equity value 51.149481398338373975, debt value 51.4400383712614820125, cost of equity percentage 12, and pre-tax cost of debt percentage 4. A scenario qualifies only if both its exact WACC and D/(D+E) debt ratio satisfy their limits. Return exactly `Scenario A`, `Scenario B`, or `Neither scenario`; among qualifying scenarios return the one with lower exact WACC, choose `Scenario A` on an exact tie, and return `Neither scenario` when neither qualifies.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `Scenario A`, `Scenario B`, `Neither scenario`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the debt-ratio ceiling remaining after one covenant stage","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"one_stage_debt_ratio_cap_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"multiple"},"case_id":"t1_z3hga63srh5uha6cxqbge","dataset_version":"task1-v4","question":"For one reporting period, a company has positive earnings before tax of 9817 USD after deducting all modeled interest expense. Tranche A debt is 20386 USD at rate 0.1, and tranche B debt is 20414 USD at rate 0.15. All amounts and rates use the same period. Under a simplified fixed-interest model with no other non-operating items, preferred dividends, or tax adjustments, reconstruct EBIT by adding both interest expenses back to earnings before tax. Then compute degree of financial leverage as EBIT divided by earnings before tax. Use exact arithmetic, independently round the two checkpoints and final to four decimals with half-up rounding, and never feed displayed checkpoints into the gold calculation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 4 decimal digits, and return only the numeric value interpreted in `multiple` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the exact-period interest expense from tranche A.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"tranche_a_interest_checkpoint"},{"description":"Report the exact-period interest expense from tranche B.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"tranche_b_interest_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_z4b2fnsg3o4rqu6x4qacu","dataset_version":"task1-v4","question":"A portfolio worth 101 has factor shock ratios 0.05 and 0.2, with respective loss sensitivities 0.4 and 0.1. Their joint effect is the product of both shocks and 0.2. A concentration ratio 0.1 adds its squared value to the modeled loss rate. Compute the modeled loss from the sum of both linear factor rates, the joint rate, and the concentration square. The required capital charge is the larger of that modeled loss and external stress loss 5.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the joint interaction loss ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"joint_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_month"},"case_id":"t1_z4sgr4kwgrqy44f5q4m5w","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Monthly income in USD is 2527. Allocation ratio is 0.8. Multiply income by the ratio exactly and round only the final monthly allocation half up to two decimals. Report the exact unrounded allocation.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_month` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_z5mmfvxacghysilqyqiwk","dataset_version":"task1-v4","question":"A fictional local scenario supplies all impacts. The initial price is 2449 USD; signed liquidity, geopolitical, and regulatory impacts are 21, -0.0119, and 0.008 percent. The local policy clips their sum between -11 and 11 percent. Sum the three impacts, take the larger of that sum and the floor, then the smaller of that result and the cap. Convert the clipped percent to a ratio, add one, and multiply by the initial price. What is the final price in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Raw sum of signed impacts.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"raw_impact_trace"},{"description":"Impact after applying both bounds.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"clipped_impact_trace"},{"description":"Exact multiplier applied to price.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"price_multiple_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_z5rl6heua5heinwlkiru2","dataset_version":"task1-v4","question":"A stock pays an annual dividend of USD 0 per share and trades at USD 112 per share. Compute dividend yield = annual dividend / current price x 100 percent. Keep the ratio exact until final rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact dividend-yield ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"yield_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_z66fesh7j2jf7g5lzues6","dataset_version":"task1-v4","question":"At the reversal date, an asset's carrying amount before reversal is 83394 USD. Its carrying amount at that same date had no impairment ever been recognized would be 133757 USD. Evidence supports a proposed reversal of 40283 USD. Recognized reversal is the smaller of the proposed reversal and the nonnegative gap between the ceiling and current carrying amount. Compute the recognized reversal.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Unfloored gap to the unimpaired carrying ceiling.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Nonnegative reversal room under the ceiling.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_year"},"case_id":"t1_z6lok2eod7l7fjalwooms","dataset_version":"task1-v4","question":"An ESG project saves 7211 USD per month on energy, a whole-dollar amount from 2000 through 8000 inclusive, and 2521 USD per month on water, a whole-dollar amount from 500 through 3000 inclusive. It incurs 31667 USD of annual maintenance, a whole-dollar amount from 10000 through 40000 inclusive, and receives 17101 USD as an annual incentive, a whole-dollar amount from 5000 through 20000 inclusive. Treat both monthly savings as constant for 12 months. Compute net annual savings as annualized energy savings plus annualized water savings minus maintenance plus the incentive, using exact arithmetic.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_year` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact annualized energy savings.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_energy_savings_trace"},{"description":"Exact annualized water savings.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"annual_water_savings_trace"},{"description":"Exact combined savings after maintenance and before the incentive.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_per_year"},"slot_id":"after_maintenance_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zbhuej22o2sarfzxwnus4","dataset_version":"task1-v4","question":"An acquisition requires an upfront cash payment of 1708281 USD. Expected cash synergies are operating savings 152322 USD, tax savings 153106 USD, additional revenue cash contribution 163801 USD, and working-capital benefits 167855 USD. Integration cash costs are technology integration 87014 USD and workforce integration 89199 USD. Compute the net cash flow impact as total synergies minus the acquisition payment and integration costs.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total expected cash synergies.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Acquisition payment plus integration cash costs.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_ton_co2e"},"case_id":"t1_zccowwqsuall53qwhw75u","dataset_version":"task1-v4","question":"Treat one carbon credit as covering one ton of CO2e. A company has internal abatement capacity 298 tons of CO2e and commits to utilization 0.4. Mobilizing internal abatement costs 1783 USD, plus 14 USD for each ton internally abated. Compute the carbon-credit price in USD per ton of CO2e at which buying credits for the same planned abatement quantity costs exactly as much as internal abatement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_ton_co2e` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the internally planned reduction quantity","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"tons_co2e"},"slot_id":"planned_abatement_checkpoint"}]}}
{"answer_spec":{"allowed_values":["target_payout","stable_growth","no_feasible_policy"],"type":"enum"},"case_id":"t1_zdaoz4ty34ikegwajhcxi","dataset_version":"task1-v4","question":"Compare a target-payout policy and a three-period stable-growth policy. All monetary amounts are in USD millions. At the common end of the three-period planning horizon, forecast net income is 242 and the mandatory reserve is 66, so distributable earnings equal forecast net income minus the reserve. The target-payout policy proposes a terminal total dividend equal to distributable earnings times 0.48 and requires retained distributable earnings of at least 69. The stable-growth policy starts from prior total cash dividend 41 at the beginning of the horizon and compounds it for exactly three periods at the per-period rate 0.17543219, so its terminal total dividend equals the prior total cash dividend times (1 + the growth rate)^3; it requires retained distributable earnings of at least 123. At that horizon a policy qualifies only if its proposed dividend does not exceed 74 and its policy-specific retained-earnings floor is met. If both qualify, return `target_payout` when the target-payout dividend is at least the stable-growth dividend, including an exact tie; otherwise return `stable_growth`. If only one qualifies, return it; otherwise return `no_feasible_policy`.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `target_payout`, `stable_growth`, `no_feasible_policy`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the one-period growth multiple used by the stable policy","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"one_period_growth_multiple_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zdqeinqfgikk7rk3a6j7y","dataset_version":"task1-v4","question":"A merchant's batch has gross sales before chargebacks of 2158 across 256 transactions. The processor charges rate 1/28 on those gross sales plus 0.28 per transaction. Chargebacks included in the gross-sales amount total 117, of which fraction 0.25 is recovered. The processor also withholds reserve 51. Compute all deductions using exact values and report the merchant's net settlement after variable fees, fixed fees, unrecovered chargebacks, and reserve. What is the net settlement?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the proportional processing fee.","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"variable_fee_checkpoint"},{"description":"Report aggregate fixed processing fees.","position":2,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"fixed_fee_checkpoint"},{"description":"Report unrecovered chargeback loss.","position":3,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"chargeback_loss_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ze7ry2jl5lskaqtehvdvc","dataset_version":"task1-v4","question":"Use exact arithmetic. Total assets are A=463505.25 USD and the disclosed risk-appetite limit is r=23 percent. Compute maximum exposure=A*(r/100) in USD without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact exposure-limit ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"appetite_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zf4wzbujidnn67soe3jrw","dataset_version":"task1-v4","question":"A fictional purchase costs 1028 USD. A buy-now-pay-later service adds 1 percent, then divides the total evenly across 25 installments. Convert the fee to a ratio, multiply purchase price by one plus that ratio, and divide by installment count. What is each installment in USD?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Converted service fee ratio.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"fee_ratio_trace"},{"description":"Exact total amount due.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_due_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zfhjaoptujzckroje3qjc","dataset_version":"task1-v4","question":"A portfolio worth 98 has signed weighted common-factor return loadings 0.02 and -0.04, each expressed as a ratio. Under the stated common-factor covariance convention, aggregate the loadings before constructing the variance radicand. Apply confidence multiplier 3, add liquidity charge 0.995, and compare the result with stress loss 3.05. Compute the required capital as the larger loss measure.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report portfolio volatility rounded half-up to eight decimal places","position":1,"result_spec":{"rounding":{"decimal_places":8,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"portfolio_sigma_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_zfluev2pvomvymineevgy","dataset_version":"task1-v4","question":"Use exact arithmetic. Free cash flows for Years 1 through 3 are 13, 14, and 15.5 USD million, discount rate is 9.5 percent, terminal growth rate is 3 percent, total debt is 95 USD million, and cash is 33 USD million. Disclosed inputs always satisfy discount rate greater than terminal growth. Discount each forecast cash flow by one plus discount rate to its year power. Terminal value at end of Year 3 equals Year-3 FCF times one plus terminal growth divided by discount rate minus terminal growth and is then discounted for three years. Enterprise value equals forecast present values plus terminal present value. Net debt equals total debt minus cash. Equity value equals enterprise value minus net debt.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Gordon terminal value at the end of Year 3.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"},{"description":"Enterprise value from forecast and terminal present values.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_ziyjknhklwkul2noo6ju6","dataset_version":"task1-v4","question":"Revenue is 457028 USD and cost of goods sold is 278788 USD for the same period. Compute gross profit margin = (revenue minus cost of goods sold) / revenue, expressed as a percent.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Revenue less cost of goods sold.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Gross profit divided by revenue.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_per_count"},"case_id":"t1_zjhhr6dmrpnvvj6t3pbpc","dataset_version":"task1-v4","question":"Use exact arithmetic. Net income is 6255240 USD, annual preferred dividends are 96872 USD, beginning common shares are 758027, new common shares issued are 116976, and the new shares were outstanding for 9 months. The disclosed inputs make preferred dividends no greater than net income and give an integer month count from 1 through 12. Earnings available to common equal net income minus preferred dividends. Weighted-average shares equal beginning shares plus new shares times months outstanding divided by 12. Divide common earnings by exact weighted-average shares.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_per_count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Earnings remaining for common shareholders.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Exact weighted-average common shares.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"count"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"count"},"case_id":"t1_zlvfkbgppg24poyapjryw","dataset_version":"task1-v4","question":"A social-impact program has launch cost 99 and monitoring cost 196. Each beneficiary-equivalent unit is expected to create net monetized social value 26. The investor requires total social value, defined as beneficiary-equivalent scale multiplied by value per unit, to exceed the combined fixed costs by the surplus ratio 0.097675; equivalently, required social value is combined fixed costs multiplied by one plus that ratio. Compute the beneficiary-equivalent scale that exactly meets this requirement.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `count` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the surplus requirement attributable to monitoring cost","position":1,"result_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"monitoring_surplus_value_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zo22viy2shzckyww53mke","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=97390.25 USD. Weights w1=11, w2=39, w3=49 percent sum exactly to 100; signed sensitivities are s1=2, s2=0, s3=0; signed common stress change is c=2 percent. Define S=w1*s1/100+w2*s2/100+w3*s3/100 and impact=V*(c/100)*S. Compute signed USD impact without intermediate rounding, then round only the final value half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact weighted sensitivity.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"weighted_sensitivity_trace"},{"description":"Exact signed stress ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"factor_ratio_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zoeu54iap6dktwavvwhr4","dataset_version":"task1-v4","question":"Use exact arithmetic. The stock value is V=18516 USD; the adverse downside scale is l=3 percent; and the participant-visible exact scenario multiplier is z=1.58. All case values lie in V from 5000 through 20000, l from 1/2 through 3, and z from 32/25 through 33/20. Treat z as supplied data; do not compute a normal quantile or infer a confidence level. Compute VaR=V*(l/100)*z in USD using no intermediate rounding. Round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact downside loss ratio used by the VaR calculation.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"loss_ratio_trace"},{"description":"Exact adverse loss amount before applying the supplied z multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"base_loss_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zoscdnytfli2gmezjkf6k","dataset_version":"task1-v4","question":"Use exact arithmetic. Portfolio value is V=209100.5 USD; market risk is a=1.6 percent; credit risk is b=2.2 percent; liquidity risk is q=0.2 percent; the supplied exact time-scaling scenario multiplier is t=2.7; and confidence is c=94.5 percent. Case ranges are V from 100000 through 500000, a from 1 through 4, b from 1/2 through 5/2, q from 3/10 through 3/2, t from 11/5 through 387/100, and c from 95 through 99. Define the combined risk R=(a+b+q)/3 percent and the disclosed heuristic confidence multiplier m=1+(100-c)/100, which is a stipulated scenario rule rather than a normal quantile. Compute VaR=V*(R/100)*t*m in USD with no intermediate rounding, then round only the final VaR half up to 2 decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Exact arithmetic mean of market, credit, and liquidity risk percentages.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"combined_risk_trace"},{"description":"Exact disclosed heuristic confidence multiplier.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"confidence_multiplier_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zprb65ybdmyyfvordloze","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local one-period retirement calculation. Starting savings in USD are 247. End-of-period contribution in USD is 244. One-period return ratio is 0.4. Pre-return balance equals savings plus contribution. Return amount equals pre-return balance times the ratio. Ending savings equals pre-return balance plus return amount. Round only the final ending savings half up to two decimals. Report pre-return balance and return amount.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report pre-return balance.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pre_return_balance_usd"},{"description":"Report exact return amount.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"return_amount_usd"}]}}
{"answer_spec":{"allowed_values":["no_action","manual_review","file_sar"],"type":"enum"},"case_id":"t1_zq55zmn6xb626wu4j7yha","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local AML decision policy. Base risk score is 4. Transaction flag is true. Identity flag is true. The medium score threshold is 5 and the high score threshold is 8. Return file_sar when score is at least 8 or both flags are true. Otherwise return manual_review when score is at least 5 or either flag is true. Otherwise return no_action. The file_sar branch has precedence. Report the high and review triggers before the final label.\n\nAnswer format: return exactly one of these case-sensitive tokens and no additional text: `no_action`, `manual_review`, `file_sar`.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the filing trigger.","position":1,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"high_trigger"},{"description":"Report the review trigger.","position":2,"result_spec":{"allowed_values":["false","true"],"type":"enum"},"slot_id":"review_trigger"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_zq6wjgtn7abkacv4drcsc","dataset_version":"task1-v4","question":"An account receives 1027 USD at the start of two equal phases, each lasting 9 whole annual compounding periods. The first-phase annual rate ratio is 0.1, the strictly higher second-phase rate ratio is 0.3, and 49 USD is added at the phase boundary. For a smoothed counterfactual, use the arithmetic mean of the two annual growth factors in both phases while preserving both contribution dates. Define initial-contribution drag as its smoothed terminal value minus its actual terminal value, and boundary-contribution uplift as its actual terminal value minus its smoothed terminal value. Divide each difference by the nominal, undiscounted sum of contributed cash, multiply the resulting decimal ratios once, and convert the product to percent. This is a bespoke scenario-defined product index, not a standard return, ROI, probability, causal-interaction measure, or recommendation. Use exact arithmetic and report two decimals with half-up rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the actual first-phase compound growth factor.","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"first_phase_growth_checkpoint"},{"description":"Report the one-phase compound growth factor under the smoothed counterfactual.","position":2,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"multiple"},"slot_id":"smoothed_phase_growth_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd_million"},"case_id":"t1_zqfq4vevepewnpksqu2be","dataset_version":"task1-v4","question":"Given projected revenue of 99, operating expenses of 42.095, and a required operating margin of 36, determine the maximum COGS that can be incurred while exactly meeting the margin requirement. Report the result in USD millions.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd_million` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Convert the required operating margin from percent to a ratio","position":1,"result_spec":{"rounding":{"decimal_places":6,"mode":"half_up"},"type":"decimal","unit":"ratio"},"slot_id":"target_margin_ratio_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zqhn2vhgatyzugyevylro","dataset_version":"task1-v4","question":"A project costs USD 8024 now. It pays USD 1241, USD 1650, and USD 2054 at the ends of years one through three, plus USD 804 at the end of year three. With annual discount rate 3 percent, add salvage to the year-three flow, discount each year's combined flow by (1+r)^t, and subtract the initial investment. Do not round intermediate values.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Combined end-of-year-three cash flow.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"terminal_cash_flow_trace"},{"description":"Present value of terminal cash flow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_three_trace"},{"description":"Total present value of all inflows.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"total_pv_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zqj6ney6qzmfnpjknpztm","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local budgeting rule. Initial budget in USD is 244. Annual growth ratio is 0. Whole-year count is 14. Growth factor equals one plus the ratio. Raise it to the positive integer year count, multiply by initial budget, and round only the final future budget half up to two decimals. Report the one-year factor and compounded multiple.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report one-year growth factor.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"growth_factor"},{"description":"Report compounded multiple.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"compounded_multiple"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zscvapsnbbvl5mu63gogq","dataset_version":"task1-v4","question":"Over one annual period, a DeFi user already has 567.4823 USD earning yield ratio 1/7. A second pool offers yield ratio 0.15. The protocol charges a fixed annual fee of 7 USD that does not depend on the added principal. Determine the additional stake required in the second pool to deliver a net annual reward of 103.29785 USD. Report the result in USD using half-up rounding to two decimal places.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the reward supplied by the existing position.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"existing_reward_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_zteiudfirxim7qwtz2skw","dataset_version":"task1-v4","question":"An analyst evaluates one inventory sale under two mutually exclusive net-recovery states. Quick assets before the sale, excluding inventory, are 101 USD, and inventory carrying amount 51 USD is sold. In every state, fraction 0.4 of net proceeds remains as cash in quick assets and the complementary fraction immediately repays current liabilities at par. The low recovery rate is 0.5 and the high rate is that low rate plus positive spread 0.2; generated cases keep their sum below one. The high state occurs with probability 0.5. Rather than giving pre-sale liabilities directly, the scenario gives 82 USD, the liabilities remaining after high-state repayment; the same implied pre-sale liabilities apply in both states. Compute each state's post-sale quick ratio. Then subtract the quick ratio formed from probability-weighted post-sale quick assets and liabilities from the probability-weighted average of the two state quick ratios. This positive expectation-order gap is a scenario-defined quick-ratio convexity premium, not expected cash or a realized covenant ratio. Report its percentage-point equivalent, using exact arithmetic, independently rounded checkpoints, and two-decimal half-up rounding only for the final.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report retained cash in the low-recovery state.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"low_state_retained_cash_checkpoint"},{"description":"Report the high-state increment in retained cash.","position":2,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"incremental_retained_cash_checkpoint"},{"description":"Report the high-state increment in liability repayment.","position":3,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"incremental_repayment_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_ztob3qiqhxwni5qgssgta","dataset_version":"task1-v4","question":"A project costs USD 2361 at time zero and pays USD 2642 at the end of year one. The annual discount rate is 4 percent. Compute NPV = CF1/(1 + r/100) - I0 with exact arithmetic and no intermediate rounding.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Present value of the year-one cash flow.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"present_value_trace"},{"description":"Exact one-year discount denominator.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"ratio"},"slot_id":"discount_factor_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zun3wpnuu66mn7kfbblb4","dataset_version":"task1-v4","question":"Net income is 137841 USD. Depreciation is 21323 USD and amortization is 15773 USD. Accounts receivable increase by 26321 USD, inventory increases by 22557 USD, accounts payable decreases by 13729 USD, and accrued expenses increase by 11324 USD. Compute cash flow from operations using the indirect method.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total depreciation and amortization add-backs.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_1"},{"description":"Net working-capital cash-flow adjustment.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"trace_2"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_zuqhgix6avpx3xbdztxb2","dataset_version":"task1-v4","question":"A portfolio return is 16 percent with standard deviation 8 percent. The risk-free rate is 6 percent and market standard deviation is 14 percent. Compute M-squared = R_f + [(R_p - R_f)/sigma_p] sigma_m using the displayed percentage values exactly.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Portfolio excess return.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"excess_return_trace"},{"description":"Exact portfolio Sharpe ratio.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"multiple"},"slot_id":"sharpe_ratio_trace"},{"description":"Market-volatility-scaled premium.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"percent"},"slot_id":"scaled_premium_trace"}]}}
{"answer_spec":{"allowed_values":["false","true"],"type":"enum"},"case_id":"t1_zvjakgp5nzsbilfzm3etc","dataset_version":"task1-v4","question":"Apply only this fictional scenario-local document matrix, not current law or general KYC guidance. The submitted document is employee_id. The requested use is identity_verification. The identifiers employee_id and national_id_card are identity_only. The identifiers utility_bill, bank_statement, and rental_agreement are address_only. The identifier drivers_license is dual_purpose. The identifiers passport and student_id are unsupported. The purpose identity_verification accepts identity_only or dual_purpose; the purpose address_verification accepts address_only or dual_purpose. Classify the document category and determine whether it is valid for the requested use.\n\nAnswer format: return exactly the lowercase token `true` or `false` and no additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the scenario-local document category.","position":1,"result_spec":{"allowed_values":["identity_only","address_only","dual_purpose","unsupported"],"type":"enum"},"slot_id":"document_category"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"percent"},"case_id":"t1_zwicp47j2cuqqilj2yqqq","dataset_version":"task1-v4","question":"An investment account begins a measurement period at value 875. A contribution of 247 is added after 0.75 of the period has elapsed. At period end, the post-distribution account value is 1226 and a terminal cash distribution of 20.93125 is paid at that same time; the ending value excludes that distribution. There are no other external cash flows. Under the standard Modified Dietz convention, weight the contribution by the fraction of the period remaining and give the terminal distribution zero denominator weight. What is the period's Modified Dietz ROI as a percentage?\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `percent` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Report the time-weighted contribution used in the Modified Dietz capital base.","position":1,"result_spec":{"rounding":{"decimal_places":4,"mode":"half_up"},"type":"decimal","unit":"usd"},"slot_id":"weighted_contribution_checkpoint"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"usd"},"case_id":"t1_zws2qzu6x4s2arykyyejg","dataset_version":"task1-v4","question":"A project costs USD 12026 now and pays USD 2385, USD 2598, USD 3037, and USD 3278 at the ends of years one through four. A cleanup outflow of USD 980 also occurs at the end of year four. The annual discount rate is 17 percent. Discount every dated cash flow exactly, subtract the initial investment and the discounted cleanup cost, and round only the final NPV.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `usd` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Total PV of operating inflows.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"gross_pv_trace"},{"description":"Present value of cleanup outflow.","position":2,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"pv_cleanup_trace"},{"description":"Value after subtracting initial investment, before cleanup.","position":3,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd"},"slot_id":"after_initial_trace"}]}}
{"answer_spec":{"rounding":{"decimal_places":2,"mode":"half_up"},"type":"decimal","unit":"ratio"},"case_id":"t1_zxl2wwa62dhcrultrfgiu","dataset_version":"task1-v4","question":"Use exact arithmetic. Total debt is 467 USD million, equity before the buyback is 653 USD million, and buyback cash is 91 USD million. The disclosed inputs always satisfy buyback less than equity. Subtract buyback cash from equity, leave debt unchanged, and divide debt by adjusted equity.\n\nAnswer format: use exact arithmetic through all intermediate steps, round only the final value half up to 2 decimal digits, and return only the numeric value interpreted in `ratio` with no unit label or additional text.","schema_version":"finreason.task1.question/2.0.0","trace_spec":{"slots":[{"description":"Equity remaining after the cash buyback.","position":1,"result_spec":{"rounding":{"mode":"exact"},"type":"decimal","unit":"usd_million"},"slot_id":"trace_1"}]}}