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test review - NAME BUS 4310 Final Exam I Professor Irvine...

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NAME : BUS 4310 Final Exam I Professor Irvine Spring 200X There are 4 sections in the exam. There are 45 points on this exam. Definition 10 points), Multiple Choice (20 points), Short Answer (15 points). You have 1.25 hours to complete the exam. Allocate your time accordingly. GOOD LUCK!
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Section 1. Definitions (1 point each). 1. triple witching hour simultaneous expiration of futures, options and futures options. single stock futures can now make it quadruple witching hour. 2. market timing management style of increasing market exposure (beta) in up markets and decreasing in down markets 3. covered call long stock, long call with X>S 4. contract multiple amount of asset to be delivered in one futures contract, ie. 40,000 lbs. pork bellies 5. mark to market daily settlement of gains and losses in a futures contract 6. collar long stock, long put with X < S and long call with X > S. provides both floor and ceiling on stock price movement. 7. EBITDA earnings before interest, taxes, depreciation and amortization 8. FCOJ frozen concentrated orange juice 9. 20/20 fee typical hedge fund contract. in performance lecture, probably we will not get that far. 10. straddle buy (or sell) call and put at same strike price on same stock (asset)
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Section 2. Multiple Choice (2 points each). 2.1. Triple witching hours now have the potential to become quadruple witching hours with the introduction of the __________.contract. a. stock index futures b. index options c. futures options d. index fund futures e. none of the above single-stock futures (see definition #1) 2.2.
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