题目内容

An investor purchases a put option on AAA shares that has a strike price of €50 and expires in three months. One month later, AAA shares are trading at €54. At that time, the put most likely has:

A. Positive intrinsic value but no time value.
B. Positive time value but no intrinsic value.
C. Positive time value and positive intrinsic value.

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Jennifer Ducumon, CFA, is a portfolio manager for high-net-worth individuals at Northeast Investment Bank. Northeast holds a large number of shares in Baby Skin Care Inc., a manufacturer of baby care

A. Ignore the request.
B. Recommend the shares after additional analysis.
C. Follow the request as soon as the share price declines.

Sanjay Gupta, CFA, is interviewed by the First Faithful Church to manage the churchs voluntary retirement plans equity portfolio based upon his superior return history. Each church staff member choose

A. No
B. Yes,because the manager was hired based upon his previous investment strategy
C. Yes,because the restrictions provided by the Trustees are not in the best interest of the members

In Elliott Wave Theory, Wave 2 commonly exhibits a pattern best described as a(n):

A. Basing pattern consisting of five smaller waves.
B. Fibonacci ratio percentage retracement composed of three smaller waves.
C. Uptrend moving above the high of Wave 1 and consisting of five smaller waves.

Which of the following statements best describes an advantage of a forward contract over a futures contract? A forward contract:

A. Is essentially free of default risk.
B. Can easily be offset prior to expiration.
C. Allows parties to enter into a customized transaction.

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