You bought 35 shares of a $65 stock on margin one year ago. Today, the stock is worth $75 per share. You initially posted 75% margin. Ignoring any interest due and margin calls, calculate your rate of return.

Throughout their lifespan, women are more likely than men to develop an anxiety disorder.

This type of anxiety disorder develops slowly and generally, begins during the teen years or young adulthood and is characterized by excessive worry most days for at least six months.

In response to fear, the sympathetic nervous system is primarily concerned with . . .

The median age of onset for panic disorder.

Math Question 10 (BONUS): There are two European options available on the same non-dividend paying stock with the same time to expiration. The 90-strike call costs $20 and the 100-strike call costs $8. Is there an arbitrage opportunity due to the above call prices? If yes, create a portfolio to show that an arbitrage opportunity exists. If no, explain why not. Assume zero interest rates. Once completed, select “True” below.

Math Question 1: ABC holdings plans to pay a $1.10 dividend per share in 3 months and a $1.15 dividend in 6 months. ABC’s share price today is $45.60 and the continuously compounded interest rate is 8.4%. What is the forward price (in dollars) for the delivery of ABC stock immediately after the second dividend? 

Math Question 9: Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5, and $8, respectively. Assume zero interest rates. (a) Explain how a butterfly spread can be created. Construct a table and draw a graph showing the profit/loss from this strategy. (b) What is the maximum profit possible with this strategy?(c) For what range of stock prices would the butterfly spread lead to a loss? Answer each part of the question above on paper. Once completed, select “True” below.

The next TEN questions are the math questions for the exam. Question #10 is an optional bonus problem. Make sure to write down supporting written work for ALL problems. All questions are graded out of 5 points.  If you get the multiple choice or numeric answer wrong, you can still earn up to 4.5 pts for your supporting written work.DO NOT SUBMIT OR CLOSE YOUR TEST before answering all the questions.

Math Question 2: A portfolio consists of short a one-year, 50-strike European call option with price equal to $8.50, and long a one-year, 60-strike European put option with price equal to $6.75. Both options are on the same underlying non-dividend paying stock and assume zero interest rates. The stock price in one year is $55. What is the portfolio’s profit/loss at expiry (in dollars)?