Extra Credit (3 points): If you wanted to make a bet that the TSLA will go do poorly over the next year, but will do well over the long run (ie. will outperform over the next 5 years) what trade will you put on? Describe the trade (what options are you using) and what is the name of the trade you have formed.

The value of a listed call option on a stock is higher when: The exercise price is higher. The contract has a longer time til expiration. The stock increases in value. A cash dividend is paid.

In which of the following ways was Emperor GoDaigo different than his predecessors?

EXTRA CREDIT: Your portfolio manager tells you that they delivered 15% last year. You follow up with the portfolio manager and ask them for two years of performance data which they give you. You take the data from year t-2 to year t-1 and run the following regression: Ri = Rf  + βmRm + βsmbRsmb + βhmlRhml   And you find that:           βm = 1.10      βsmb = 1.2      βhml = 0.80 Using the following returns from year t-1 to year 0: Rf =  0         Rm = .12      Rsmb =  .01      Rhml =   .02      Did the portfolio manager actually do well over yr t-1 to 0-  what were their FF adjusted returns? According to the Beta coefficients, what types of risk is the manager primarily taking?  (3 points)  

Mark the False statement below about a possible capital war in the tariff battle   

Which period saw the greatest spread of urbanization in Japanese history?

Much of early medical knowledge in the United States came from unethical experimentation on enslaved people.

Mark the False statement regarding ETFs below:

What is the Sharpe measure for portfolio C? 

The form of Buddhism that was the least tolerant and most nationalistic of all Japanese forms of Buddhism?