单项选择题

The term (maturity) of a forward rate agreement is 90 days and the underlying rate is 180 - day LIBOR. If 180-day LIBOR increases over the term (life) of the contract, which of the following best describes the descriptive notation for the contract and the party receiving payment at expiration, respectively Descriptive notation Party receiving payment at expiration ①A. 3 × 6 Long ②B. 3 × 9 Long ③C. 3 × 6 Short

A．<TABLE border=0 cellSpacing=0 cellPadding=0 width="90%"><TBODY><TR><TD vAlign=top>A. ① </TD></TR></TBODY></TABLE>
B．<TABLE border=0 cellSpacing=0 cellPadding=0 width="90%"><TBODY><TR><TD vAlign=top>B. ② </TD></TR></TBODY></TABLE>
C．<TABLE border=0 cellSpacing=0 cellPadding=0 width="90%"><TBODY><TR><TD vAlign=top>C. ③</TD></TR></TBODY></TABLE>

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单项选择题

A put on Stock X with a strike price of $40 is priced at $3.00 per share ; while a call with a strike price of $40 is priced at $4.50. What is the maximum per share loss to the writer of the uncovered put and the maximum per share gain to the writer of the uncovered call the maximum per share loss the maximum per share gain ①A. $37.00 $4.50 ②B. $37.00 $37.00 ③C. $4.50 $4.50

单项选择题

Which of the following combinations of options and underlying investments have similarly shaped profit loss diagrams()

A. Long call option/short put option and long stock position.
B. Covered call and short stock/long call.
C. Short put option/long call option and protective put.