Listen to the statement and circle the appropriate letter. What’s the percentage of cotton which is grown without the use of pesticides in the global market
A. about 25%
B. about 30%
C. unknown
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Listen to the conversation and circle the appropriate letter. Dirty wool would __________ .
A. cause skin diseases in sheep.
B. provide a highly suitable food source for moths.
C. kill moths.
Which of the following is NOT an over-the-counter (OTC) derivative
A forward contract.
B. A swap agreement.
C. A futures contract.
An options investor purchases one stock put option on General Motor"s stock. The put has the following characteristics : Type of option: put option Underlying asset: 100 shares of General Motor"s stock Exercise price : $75 per share Premium: $1.81 per share Expiration date : November By taking a LONG position in this put option, the investor has:
A. purchased the right to decide whether to sell 100 shares of General Motor"s stock and receive $181 during the specified time period (the expiration date in November)
B. purchased the right to decide whether to purchase 100 shares Of General Motor"s stock and receive $181 during the specified time period (the expiration date in November)
C. none of the above
James Jackson currently owns stock in PNG, Inc. , valued at $145 per share. Thinking that PNG is overbought and will decrease in price soon, Jackson writes a call option on PNG with an exercise price of $148 for a premium of $2.40. At expiration of the option, PNG stock is valued at $152 per share. What is the profit or loss from Jackson"s covered call strategy Jackson :
A. gained $5.40.
B. lost $4.60.
C. gained $9.40.