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Consider a stock priced at $30 with a standard deviation of 0.3.  The risk-free rate is 0.05.  There are put and call options available at exercise prices of 30 and a time to expiration of six months.  The calls are priced at $2.89 and the puts cost $2.15.  There are no dividends on the stock and the options are European.  Assume that all transactions consist of 100 shares or one options contract.  Ignore the time value of money! Suppose the investor constructed a covered call, i.e. long 100 stock and short 1 call. What is the breakeven stock price at expiration for the transaction?

A call writer can terminate his position anytime by:

Futures margin:

An investor buys 100 shares of SUNCOR for $40.00/share and sells a 3 -month put with a strike price of $35.00 for $3.00. If the stock drops to $30.00 on the last trading day of the contract the gross loss if she closes out all of her positions is:

An investor shorts 100 shares of NORTEL at $22 a share and buys a 3-month call with a strike price of $25.00 for $3.00. What is the gross gain or loss if the stock sells for $20.00 and both transactions are closed?

A listed option contract is for:

An investor buys 100 shares of ENCANA at $94.00/share and writes a call with a strike price of $80.00 for $8.00. The positions are closed with the stock is at $90.00. The maximum gross gain on the transactions is:

Who regulated U.S. futures contracts?

Authorizations for embalming and restorative art procedures must be shared with the embalmer, preferably in ____________________