1) Investors who purchase options acquire nothing more than the right to buy or sell the shares of the underlying security. T F

2) An options strike price is the stock price at which the option holder breaks even. T F

3) The value of a call increases as the price of the underlying security rises. T F

4) NZMA stock is currently selling for $128. Is June 125 call options "out-of-the-money"? T F

5) The maximum amount the buyer of a put can lose is the cost of the option. T F

6) If a stock price does not rise or fall by the amount of the option premium, the option will not be exercised. T F

7) A futures contract grants the buyer the option to either buy or sell a specified amount of a commodity. T F

8) An investor's margin in a futures contract is checked each day under a procedure known as mark-to-the-market. T F

9) The November 22, 2015 the on-line edition of the Wall Street Journal listed the following information on oat futures. Quotes are in cents per bushel. The cost of a March 2016 contract was $11,430 at the market close? T F