4.Which of the following investors may be obligated to buy stock?

Select one:

a. uses a covered call strategy

b. call buyer

c. put writer

d. uses a protective put

e. none of the answers given are correct

5.A market in which the price equals the true economic value Select one:

a. Has high expected returns

b. Is organized

c. Is risk-free

d. Is efficient

e. all of the above

6.Which of the following contracts obligates a buyer to buy or sell something at a later date? Select one:

a. Swaption

b. Put

c. Call

d. Cap

e. Futures