A fund has an alpha of .49 percent and a tracking error of 6.3 percent. What's the fund's information ratio? A. 0.581 B. 0.129 C. 0.778 D. 0.078

The six-month futures price on a non-dividend-paying stock is $64.53. The risk-free rate is 4.62 percent, and the market rate is 11.41 percent. What's the spot rate for this stock if spot-futures parity exists? A. $56.56 B. $61.68 C. $63.09 D. $41.91

9. You're managing a $10 million stock portfolio with a beta of 1.2, which you decide to hedge by buying index put options with a contract value of $150,000 per contract and a delta of .40. How many option contracts are required? A. 230 B. 150 C. 300 D. 200