Click on the Detail Button to view the Formula Sheet. You have done the following deals in spot USD/JPY: Sold USD 5.0 million at 130.60 Bought USD 3.5 million at 130.20 Bought USD 2.0 million at 130.50 Sold USD 2.0 million at 130.55 What is your net position and average rate?
A. Short USD 1.5 million at 130.46
B. Long USD 1.5 million at 130.46
C. Short USD 1.5 million at 131.60
D. Long USD 1.5 million at 131.60
Click on the Detail Button to view the Formula Sheet. At the end of the day you are short EUR 10 million against GBP at 0.6712. You are asked to revalue your position at a EUR/GBP rate of 0.6729. What is the resulting profit or loss?
A. Loss of GBP 17,000
B. Profit of GBP 17,000
C. Loss of EUR 17,000
D. Profit of EUR of 17,000
Click on the Detail Button to view the Formula Sheet. Half an hour ago you were made a price in USD/ CAD of 1.5250-55 and sold USD 10 million. The price is now 1.5232-37 and you square your position. What is your profit or loss?
A. + CAD 23,000
B. + CAD 13,000
C. + CAD 18,000
D. - CAD 13,000
Click on the Detail Button to view the Formula Sheet. What is a long straddle option strategy?
A. A long call option + long put option with the same strike prices
B. A short call option + short put option with the same strike prices
C. A long call option + short put option with the same strike prices
D. A short call option + long put option with the same strike prices
Click on the Detail Button to view the Formula Sheet. If you bought USD 2,000,000 against CHF at 1.1020, USD 3,000,000 at 1.1040 and USD 5,000,000 at 1.1032, what is the average rate of your position?
A. 1.1030
B. 1.1035
C. 1.1028
D. 1.1032
Click on the Detail Button to view the Formula Sheet. You have done the following deals in spot USD/JPY: Sold USD 5.0 million at 111.60 Bought USD 3.5 million at 111.20 Bought USD 2.0 million at 111.50 Sold USD 2.0 million at 111.55 What position do you now have?
A. Short USD 1.50 million at 112.60
B. Short USD 3.50 million at 111.75
C. Long USD 1.50 million at 111.10
D. Long USD 3.50 million at 111.55
Click on the Detail Button to view the Formula Sheet. An option contract that gives the buyer the right to exercise the option at the average of the prices of the underlying during its life is called:
A. European-style option
B. American-style option
C. Bermudan option
D. Asian option
Click on the Detail Button to view the Formula Sheet. An at-the-money call option:
A. Costs more than an in-the-money call option
B. Costs less than an out-of-the-money call option
C. Costs more than an out-of-the-money call option
D. Costs the same as an at-the-money put option
Click on the Detail Button to view the Formula Sheet. An option premium is a positive function of:
A. Time to expiry
B. The volatility of the price of the underlying commodity
C. The moneyness of the option
D. All of the above
Click on the Detail Button to view the Formula Sheet. What is the Overnight Index for GBP?
A. SONIA
B. STINA
C. LIBOR
D. EONIA
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