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Arthur bought 1 Nov 90 call on IBM at $6/share, wrote two Nov 100 calls on IBM at $4/share, and bought 1 Nov 110 call on IBM at $2/share. What’s his total profit/loss at expiration date if the IBM stock price is $96/share? 

The April 80 call option on IBM sells for $5.60 when the stock price is $82. What should the call premium be if IBM stock price becomes $79 but everything else is the same? Delta of the call option is 0.66.

Is the bolded statement TRUE or FALSE? Enzymes: 16. lower activation energy. 17. drive all reactions to completion, converting all reactant to product (meaning that no reactant is left at the end of the reaction). 18. can catalyze a reaction in either direction. 19. are only proteins. 20. are more complementary to the reaction’s transition state relative to the reaction’s substrate.    

Is the bolded statement TRUE or FALSE? Enzymes: 16. lower activation energy. 17. drive all reactions to completion, converting all reactant to product (meaning that no reactant is left at the end of the reaction). 18. can catalyze a reaction in either direction. 19. are only proteins. 20. are more complementary to the reaction’s transition state relative to the reaction’s substrate.

Assume that A is row equivalent to B. Find bases for Col A. 

Barry bought one Jan 45 call option on AMN with the premium of $5/share and bought one Jan 45 put option on the same stock with the premium of $2/share. At the expiration date, the stock price of AMN is $40/share. What’s his total profit/loss?

Assume that A is row equivalent to B. Find bases for Row A. 

Which of these is a reasonable strategy for addressing the risks associated with international exposure? 1. Ignore the risk, but only if the allocation of foreign investments is relatively small. 2. Never invest internationally. 3. Hedge the risk through diversification, currency forward contracts, futures contracts, etc.

You bought 1000 shares of stock at $42 per share, received $2 per share in dividends, and sold the shares for $47 per share. Your holding period return is:

Which of the following statements are true? 1. The correlation coefficient exists on a range of -1 to +1 whereas covariance does not. 2. The correlation coefficient reports the direction of the relationship between the returns of two risky assets (positive, negative, or zero), whereas covariance does not.