1. The depreciation of national currency least likely increases profit of:

A. Exporting companies

B. Importing companies

C. Government companies

2. Increased company's borrowings most likely:

A. increases the cost equity

B. does not affect the company's cost of capital

C. does not affect the cost of debt

3. The bond that will likely pay higher intrest is:

A. government bond

B. speculative bond

C. bond with rating AAA

4. Which of the following is the best example of a derivative

A. A global Real Estate fund

B. A contract to swap payments in GBR to cash flows in USD

C. An ordinary share of General Electric

5. Which device Monte Carlo models generally use in order to generate simulations?

A. Pair of dice

B. Computer

C.Pack of cards

D. Roulette wheel

6. With the respect to the efficient market hypothethis if security prices reflect only past prices and trading volume information then the market is

a. weak-form efficient

b. semi-strong efficient

c. strong form efficient