题目内容

Which of the following survived the crisis without declaring bankruptcy or being taken over by another financial institution? ( )

A. Bear Stearns
B. Morgan Stanley
C. Lehman Brothers
D. Merrill Lynch

查看答案
更多问题

What are teaser rates( )

A. Interest rates that appear lower than they are
B. Interest rates that depend on LIBOR
C. Interest rates on mortgages with a very long amortization period
D. Interest rates that apply only for the first two or three years

Which of the following describes a difference between a warrant and an exchange-traded stock option? ( )

A. In a warrant issue, someone has guaranteed the performance of the option seller in the event that the option is exercised
B. The number of warrants is fixed whereas the number of exchange-traded options in existence depends on trading
C. Exchange-traded stock options have a strike price
D. Warrants cannot be traded after they have been purchased

Which of the following describes LEAPS? ( )

A. Options which are partly American and partly European
B. Options where the strike price changes through time
C. Exchange-traded stock options with longer lives than regular exchange-traded stock options
D. Options on the average stock price during a period of time

The price of a stock, which pays no dividends, is $30 and the strike price of a one year European call option on the stock is $25. The risk-free rate is 4% (continuously compounded). Which of the following is a lower bound for the option such that there are arbitrage opportunities if the price is below the lower bound and no arbitrage opportunities if it is above the lower bound? ( )

A. $5.00
B. $5.98
C. $4.98
D. $3.98

答案查题题库