1 In year 1, a fund increases from $122m to $130m (gross asset value). The fund has a 2/20 structure with a hurdle rate of 4%. How much are the performance fees for this year, assuming they are charged after management fees are first deducted from the gross asset value? $0.624m 0.104m $2.6m There are no performance fees for this year 2 In year 1, a fund increases from $179m to $194m (gross asset value). The fund has a 3/15 structure with a hurdle rate of 5.5%. How much are the performance fees for this year, assuming they are charged after management fees are first deducted from the gross asset value? $0.065m $0.09975m $0.1217m There are no performance fees for this year 3 Calculate the crush spread based on the information below: Soybean price: $9.75 per bushel Soybean meal price: $305 per short ton Soybean oil price: $0.35 per pound $1.25 $1.72 $0.63 $0.81 4 Which of the following currency pairs are correct? Select all that apply. Review Later JPY/CAD USD/GBP EUR/JPY USD/CAD 5 A bank quotes GBP/USD at 1.5436-40. If a trader wishes to buy USD, what is the correct quote to consider? Review Later Buy GBP for 1.5436 Sell GBP for 1.5440 Sell GBP for 1.5436 Buy GBP for 1.5440 6 Decide whether Company A is a buy or sell depending on the following information: Company A: P/E Ratio: 8.12x Share Price: $29.08 Comparable Company Analysis Company P/E Ratio Company B 7.3x Company C 6.8x Company D 5.3x Company E 5.5x Company F 15.2x DCF Analysis Intrinsic value of Company A is $28.91. Review Later Inconclusive Hold Sell Buy 7 How did BoJ affect prices of 10-year JGBs and maintain a yield of around 0%? Review Later By decreasing interest rates to negative territory. By increasing interest rates. With adjustments to the front-end of the yield curve. By targeting bond yields across the curve. 8 What can be determined from a spot quote of GBP/JPY 95.467-65? A. The bank would be selling at a loss B. GBP has depreciated C. The spread is 5 pips D. The rate is not quoted properly 9 $430 $380 $400 $410 10 What can you tell from the following crack spreads Bloomberg screen? Review Later The crack spread is calculated based on 3 barrels of crude oil, 2 gallons of gasoline, and 1 gallon of heating oil. The crack spread margin is high in May 2019 and low in January 2020. To purchase the crack spread, you need to buy crude oil futures, gasoline futures, and heating oil futures at the same time. The current crack spread is $15.643.