A. the striking price minus the stock price. B. the stock price minus the value of the call C. the call premium. D. the stock price. E. None of the options are correch. 12. You write one ATET February 50 put for a premium of \$5. Ignoring transactions costs, what is the break-even price of this position? A. $50 B. $55 C. 545 D. 540 13. A portfolio with a 10% standard deviation generated a return of 10% last year when T-bills were paying 2%. This portfolio had a Sharpe ratio of A. 0.10 B. 0.80 C. 0.60 D. 0.45 E. 0.23 14. Which of the following correlation coefficients will produce the least diversification benefits? A. 1.0 B. -0.9 C, 0 D. 0.52 E. -0.52 15. The optimal risky portfolio can be identified by finding: II. The maximum-retum point on the efficient frontier and the minimum-variance point on the L. The minimum-variance point on the efficient frontier III. The tangency point of the capital market line and the efficient frontier efficient frontier IV. The line with the steepest slope that connects the risk-free rate to the efficient frontier