Question 1
Suppose you own a portfolio of British securities valued at about $500,000. The exchange rate is currently at $1 = £0.66. A currency contract on British pounds is set at 62,500 pounds. How many contracts must you purchase to protect at least 90% of your portfolio from exchange rate risk?
◦ 6
◦ 5
◦ 4
◦ 3
Question 2
The major advantages of futures options over futures contracts include
| I. | positions can be hedged with a smaller commitment of capital. |
| II. | potential losses are limited to the size of the contract. |
| III. | greater leverage and the potential for higher percentage returns. |
| IV. | a greater variety of commodities is available for speculating or hedging purposes. |
◦ II, III and IV only
◦ I and III only
◦ I, II and IV only
◦ I, II, III and IV
The major classes of vertebrates
The major types of plant nutrients and their sources.
major themes
Teres Major
Major Categories of Diseases
Major muscles of the abdomen.