金融衍生工具题库(英文版).docx

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1、二、多选英语1．Thecurrentstockpriceis＄29anda3-monthcallwithastrikepriceof＄30costs＄2.90.Underwhatcircumstanceswilltheoptionbeexercised?（）A．stockpriceis29$B．stockpriceis30.90$C．stockpriceis26$D．stockpriceis35$2．Tradingstrategiesofhedgefundsinclude（）A．MarketneutralB．TreasurybondsC．ConvertiblearbitrageD．Emer

2、gingmarkets3．Whenthespotpriceisabovethefuturespriceduringthedeliveryperiod，acleararbitrageopportunitybytradersis（）A．MakedeliveryB．BuyafuturescontractC．BuytheassetC．SellafuturescontractE．Selltheasset4．Individualstakingpositionscanbecategorizedas（）A．scalpersB．hedgersC．arbitrageursD．speculators5．Them

3、ainfeaturesthatfuturesaredifferentfromforwardare（）A．SettleddailyB．SomecreditriskC．StandardizedcontractD．Tradedonanexchange6．Ifthepriceofgoldgoesup，theconclusionsthatthefollowingarecorrectare（）A．Thecompanythatdoesnotusefuturescontractstohedgeitspurchaseisunaffectedonitsgrossprofitmargin.B．Thecompan

4、y’sprofitmarginwillincreaseaftertheeffectsofhedgehavebeentakenintoaccount.C．Thecompany’sprofitmarginwilldecreaseaftertheeffectsofhedgehavebeentakenintoaccount.D．Thewholesalepriceofthejewelrywilltendtoleadacorrespondingdecrease.7．Whenβ=3.0，itillustratesthat（）A．theexcessreturnontheportfoliotendstobe

5、threetimesasgreatastheexcessreturnonthemarketB．thesensitivetomarketmovementistwiceasaportfoliowithabeta1.5C．itisthereforenecessarytousetwiceasmanycontractstohedgetheportfolioD．ifthebetaofportfoliofallsto2.0，thenumberofcontractsshortedshouldincrease8．Thebank’sstatementthattheinterestrateis10%meanst

6、hat$100growto（）A．$110.38whentheinterestrateismeasuredwithsemiannualcompoundingB．$110.52whentheinterestrateismeasuredwithdailycompoundingC．$110.52whentheinterestrateismeasuredwithcontinuouscompoundingD．$110.47whentheinterestrateismeasuredwithmonthlycompounding9．Supposetheunderlyingassetisgoldandass

7、umenostoragecostsorincome.IfF0