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 16,000
D. -CAD 13,000
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 17000
B. Profit of GBP 17,000
C. Loss of EUR 17,000
D. Profit of EUR of 17,000
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 Exhibit 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
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
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
How are Overnight Indexed Swaps settled?
A. periodic exchange of fixed and floating payments up to and including maturity
B. at maturity by net payment
C. after maturity by exchange of fixed and floating payments
D. after maturity by net payment
An interest rate swap is:
A. A contract to exchange one stream of income payments for another
B. A temporary exchange of one deposit for another of a longer maturity in the same currency
C. A forward-forward contract
D. All of the above
Which of the following is true?
A. The Euronext.LIFFE short sterling futures contract has a tick value of GBP 12.50 and a face value of GBP 1,000,000
B. The Euronext.LIFFE JPY futures contract has a tick value of JPY 2,500 and a face value of JPY 1,000,000,000
C. The CME eurodollar futures contract has a minimum price interval of one-quarter tick(0.0025) for the nearest contract
D. All of the above
You bought a EUR 8,000,000 6x9 FRA at 4.50%. The settlement rate is 3-month (90-day) EURIBOR, which is fixed at 3.50%. What is the settlement amount at maturity?
A. You pay EUR 20,000.00
B. You receive EUR 20,000.00
C. You pay EUR 19,826.52
D. You receive EUR 19,826.52
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