1. A US exporterhas a 1,000,000 receivabledue in one year. To hedge the position, he/she will buy put options on euro. (T/F)

2.As the exercise price decreases, the call option value will increase. (T/F)

3.An investor would want to sellTreasury bond futuresto exploit an expected risein interest rates. (T/F)

4.The seller of a put optionwants the value of the underlying asset to decreasewhile the buyer of a call optionwants the value of the underlying asset to increase. (T/F)