Risk Management and Derivative Securities
ACCFINSZOZ
19) Which of the following is true?
A) Hedging can always be done more easily by a company's shareholders than by the
company itself
B) If all companies in an industry hedge, a company in the indust
Risk Management and Derivative
Securities
ACCF IN 5202
Practice Class Test
February 2014
Dr Joe Hillier
Answer all 25 questions by putting a cross in the appropriate question square as shown,
each question is worth 4 marks.
9) Which of the following des
_ University
(f Glasgow
EXAMINATION FOR THE DEGREES OF MSc
(SCIENCE)
Statistics Statistical Inference Class Exam
Solutions, December 2013
Hand calculators with simple basic functions (log, exp,' square root, etc. ) may be used
in examinations. N0 calcul
4.
(b)
(C)
The likelihood function is
15
X, I K H _(61+02)61m162yz
i=1
[1 MARK]
The loglikelihood function is then
[(0; x, y) = 1591 l log(61) 1562 l Zyi log(62)
[1 MARK]
The rst derivatives are
[3711 = 15 + 263 = 0 when a} = Zia/15
[1 MARK]