Answer the questions below

10. A contract that gives the holder the right to buy a security ract on and/or before cont expiration is a(n): a. American Call Option b. European Call Option c. American Put Option d. European Put Option e. Credit Spread Call Option 11. What is NOT true about derivatives? a. a d erivative is a financial security whose payoff is linked to another, previously issued security b. in many derivatives, two parties agree to exchange a standard quantity of an asset at a predetermined price at a specific date in the future c. derivatives are leveraged financial instruments d. derivatives trades are all backed by exchanges e. derivatives are used for speculation and for hedging Short Answer (11 pts each) Please provide a breakdown (%) of a retirement portfolio including only stocks and bonds for a 30-year-old. Explain why it might differ from a 60-year-old person's retirement portfolio including only stocks and bonds. 1. 2. Explain 2 major ways the federal government has assisted the mortgage markets. Explain how an investor can hedge their risk on a long (buy) position on a sto options. Please provide an example. 3