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ID:11635196
大小:148.50 KB
页数:26页
时间:2018-07-13
《上海工程技术大学期货与期权 第二学期期末试卷及答案》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、(勤奋、求是、创新、奉献)2007~2008学年第二学期考试试卷主考教师_____葛开明____学院管理学院班级__________姓名__________学号___________《Futuresandoptions》课程试卷(本卷考试时间90分钟)题号一二三四五总得分题分2010152035100得分一.选择题(在每小题的备选答案中选出一个正确答案,填在下列表内。每小题2分,共20分)123456789101Aclientgoeslong2futurescontractsofcorn,5000bushelsperc
2、ontract.Theinialmarginis$0.30perbushel.Howmuchshouldhedepositinhismarginaccount?A.$1,000B.$1,500C.$2,000D.$3,0002.Themaximumpotentiallossofthebuyerofanoptionis()A..thestrikepriceBthestrikepricelessthepremiumCthepremiumDunlimited3IfthefuturespriceofsoybeanisRMB55
3、05yuanperton.AndthespotpriceisRMB5550yuanperton,Inthiscase,thebasisis()ARMB45yuanB–RMB45yuanCRMB11055yuanD–RMB11055yuan第26页共26页4theintrinsicvalueofacalloptionis()AthestrickpriceminustimevalueBthemarketpriceminustimevalueCthestrickpriceplustimevalueDthemarketpric
4、eplustimevalue5Whenanewfuturestradingiscompletedtheopeninterestsofthecontractwill()AincreaseBdecreaseCunchangedDuncertain6.Attheendofeachtradingday,theclearing-housewillmarktothemarketalloutstandingfuturespositions.Thisiscalled()A.offsettingB.settlementC.margini
5、ngD.speculating7.Abullspreadsiscomposedofalongpositioninacalloptionandashortpositioninanothercalloptiononthesamestockwith()strikeprice.Bothoptionshavethesameexpirationdate.A.ahigherB.alowerCthesameDdifferent8Whenaspeculatorshortsacertainshareinthefuturesmarket,h
6、eexpectsthepriceofthesharewill().AgoupB.falldownCremainstableD.fluctuate9Ifthebasisincreasespositively,()willmakeprofits.AaninvestorwhotakesalongpositioninspotmarketBaninvestorwhotakesashortpositioninspotmarketClonghedgerDshorthadger第26页共26页10Agraindealerwhoiscu
7、rrentlyholdingnoinventoryofsoybeanshassoldforwardanamountofsoybeansfordeliverynextJanuary.HewouldhedgethisforwardsalebyAgoinglongfuturesandbuyingtheactualsBsellingfuturesanddeliveringagainstthecontractCsellingfuturesDbuyingfutures二.判断题(判断下述命题的正误,并说明理由。每小题2分,共10分
8、)1.Theforwardcontractsarenotmarkedtothemarketdaily.2.Whenafuturescontractisoffset,deliveryismadeimmediately.3.Whenthepricegoesup,thewriterofcalloptioncangiveuphisliab
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