1) Assume the following information concerning two stocks that make up an index. What is the price-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

					Price per Share
	Shares Outstanding				Beginning of Year				End of Year
Kirk, Inc.		39,000			$	55			$	62
Picard Co.		34,500				80				89

2) Use the following quotes for Target stock options:

Assume you purchased the right to sell 2,200 shares of Target stock in March 2019 at a strike price of $55 per share. Suppose Target stock sells for $51 per share immediately before your options expiration. What is the rate of return on your investment? What is your rate of return if the stock sells for $67 per share? Assume your holding period for this investment is exactly three months. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your 3-month returns as a percent rounded to 2 decimal places.)

4)You purchase 19 call option contracts with a strike price of $105 and a premium of $1.75. Assume the stock price at expiration is $115.12.

a. What is your dollar profit? (Do not round intermediate calculations.)

b. What is your dollar profit if the stock price is $101.07? (A negative value should be indicated by a minus sign. Do not round intermediate calculations.)

7) You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position?

8)

c. Suppose you place a market order to buy 300 shares. At what price will it be filled?Choose the appropriate answer

multiple choice

• 200 shares at $75.54 and 100 shares at $75.55

• 300 shares at $75.52

• 300 shares at $75.59

• 200 share at $75.59 and 100 shares at $75.58

9) The contract size for platinum futures is 50 troy ounces. Suppose you need 450 troy ounces of platinum and the current futures price is $820 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit if platinum sells for $870 a troy ounce when the futures contract expires? What if the price is $770 at expiration? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest whole number.)

14) Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

					Price per Share
	Shares Outstanding				Beginning of Year				End of Year
Kirk, Inc.		37,000			$	53			$	57
Picard Co.		27,000				79				84