1. Put-call parily states that: a. 5P+C=x+e+1 b. S.P+C=xe2 c. sipcxex+1 d. sip-C=xeif 2. An invertor is lone IOO shares of ABC, lone 1 ABC July 35 put, and short 1 Auly 35 call. This grosp of positions is referred to as a: a. reversal b. conversion. c. spread. d. combo. 3. An investor is short 100 shares of ABC, short 1 ABC luly 35 put, and long 1 fuly 35 call. This group of positions is referred to as a: a. reversal. b. conversion. c. spread. d. combo. 4. The price of Xyz common is currently 524 and the per contract prices of the June 24 calls and puts are $165 and $155 respectively. The relevant annual continuously compounded risk-free rate is 4%. If expiration is two months away, what profitable action could be taken by a low-cost market maker in XYZ options? a. Conversion b. Reverse conversion c. None 5. Which of the following results in a date 6 net cash inflow? a. Conversion b. Reverse conversion c. Both of the above d. None of the above