1. An investor buys a futures contract an asset when the futures price is $1.560. Each contract is on 100 units of the asset. The contract is closed out when the futures price is $1,540. Which of the following is true? (loss $2,000) 2. The price of a stock on July 1 is $57. A trader buys 200 call options on the stock with a strike price of $60 when the option price is $2. The options are exercised when the stock price is $61. The trader's net profit/loss is (-$200) 3. The price of a stock on February 1 is $48. A trader buys 200 put options on the stock with a strike price of $40 when the option price is $2. The options are exercised when the stock price is $39. The trader's net profit or loss is (loss of $200) 4. A speculator can choose between buying 100 shares of a stock for $30 per share and buying 1000 European call options on the stock with a strike price of $35 for $3 per option. For second alternative to give a better outcome at the option maturity, the stock price must be above ($39) Stock - $35)> 1000 (st loost loo. (5+) oction Toolst - 1000 st -$35000>100st QOO>$35 "sts $38.88 $39 5. You buy one December futures contracts when the futures price is $1,020 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price falls to $1,012 per unit. What is the balance of your margin account at the end of the day? ($1,200)