What is the primary benefit of the daily valuation method and approximate method for measuring the performance of a fund?

Select the correct match for each word or phrase on the left.  There is only one correct answer per match.  Each responses is with 1.5 points making the whole question worth 7.5 points. 

What is the main implication the concept of interest rate parity?

A portfolio consisting of a stock position and an option position is generally referred to as:

Which of the following is true about options arbitrage (assuming put-call parity is violated)? 1. Profit is earned at the time of portfolio entry (i.e. when you buy or short-sell your positions) 2. Profit is earned at the time of portfolio exit (i.e. when you close out all your positions) 3. Profit is guaranteed no matter what the stock price is at expiry 4. It costs nothing to perform options arbitrage 5. Options arbitrage is always impossible to achieve

The yield curve is normally:

Which of these qualities make a population sample adequate for statistical analysis? 1. It is reasonably large. 2. It reasonably resembles a normal distribution. 3. It is reasonably random. 4. There are a variety of continuous and discreet variables.

15.  These are gram stains.  Describe the morphology and gram reaction starting from the top A to bottom D (4pts).     A. ———————————————————————————————-     B. ———————————————————————————————-     C. ————————————————————————————————     D. ————————————————————————————————

The time value of money (TVM) formula is used for __________ whereas Euler’s number is used for __________.

John bought one Jan 40 call option on AMN with the premium of $6/share and wrote one Jan 45 call option on the same stock with the premium of $2/share. At the expiration date, the stock price of AMN is $54/share. What’s his total profit/loss?