Choose the imperfect tense of ‘I studied.’

Choose the correct profession. Una persona que enseña a los estudiantes.

Choose the correct answer to complete the sentence. En el siglo diecisiete, Sir Isaac Newton _______________ (revelar) que la luz blanca ordinaria se compone de todos los colores del arcoíris. (In the 17th century, Sir Isaac Newton revealed that ordinary white light was composed of all the colors of the rainbow.)

Choose the correct affirmative tú command for the verb traer.

Choose the correct profession. Una persona que ayuda a la gente enfermo. (helps sick people)

4. (10’) Returns Calculation 1). An analyst observes the following annual rates of return for a hedge fund: Year Return (%) 2020 8 2021 -9 2022 5 2023 12   What is the hedge fund’s annual arithmetic return? What is the hedge fund’s annual geometric mean return?  2). An investor buys a share of stock for $50 at time t=0, buys other two shares of the same stock for $55 at t=1, and sells these three shares for $60 each at t=2. The stock paid a dividend of $1 per share at t=1 and at t=2. Calculate the periodic money-weighted rate of return on the investment.    

5. (3’)  You buy one Huge-Packing August 50 call contract and one Huge-Packing August 50 put contract. The call premium is $1.35, and the put premium is $4.60. What is your highest potential loss from this position? Note: There are 100 shares for one contract.

7. (10’) The stock of Business Adventurers sells for $30 a share. It likely dividend payout and end-of-year price depend on the state of the economy by the end of the year as follows. Dividend Stock Price Boom $2.00 $40 Normal Growth 1.30 32 Recession 0.70 23 a. Calculate the expected holding-period return and standard deviation of the holding period return. All three scenarios are equally likely. b. Calculate the expected return and standard deviation a portfolio invested 70% in Business Adventures and 30% in Treasury bills. The return on bills is 4%.

6. (6’) You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $68 per share. You want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes: Wildwood Corp Underlying Stock price: $68.00 Expiration Strike Call Put June 63.00 10.30 2.90 June 68.00 5.40 4.80 June 73.00 2.90 9.30   1) To establish a bull money spread with puts, you would _______________.  A. buy the 73 put and sell the 63 put B. buy the 63 put and sell the 73 put C. buy the 63 put and buy the 73 put D. sell the 63 put and sell the 73 put   2) If you establish a bullish money spread with the puts as above. In June the stock’s price turns out to be $70. Ignoring commissions, what would your net profit on the bull money spread be? Note: There are 100 shares for one contract.

Use the Circle below to answer the following 7 questions.   a. Name a radius. b. Name a diameter. c. Name a chord that is not a diameter. d. Name a central angle. e. Name a minor arc. f.  Name a major arc. g.  Name a semicircle.