11) A US exporter has a 1,000,000 receivable due in one year. To hedge the position, he/she will buy put options on euro. (10points) a. True b. False 12) As the exercise price decreases, the call option value will increase. (10points) a. True b. False 13) An investor would want to sell Treasury bond futures to exploit an expected rise in interest rates. (10points) a. True b. False 14) The seller of a put option wants the value of the underlying asset to decrease while the buyer of a call option wants the value of the underlying asset to increase. (10points) a. True b. False 15) A person with a short position in a commodity futures contract wants the price of the commodity to increase significantly. (10points) a. True b. False