Assume an option trader bought 10 August 15 puts on Citigroup, Inc. (C) for a total cost of$850. If the position was held to expiration at which point the stock closed at 16, calculate the dollar amount of profit or loss on the trade before commissions and taxes.

A. $1600

b. $0

C. -$850

D. $580

One Gold futures contract trades in units of 100 ounces of gold, the minimum initial margin requirement is $9,000 per contract. Suppose you bought one contract at $1500/ounce using the $9,000 minimum initial margin and the price spiked to $1550/ounce on an active trading day. The daily percentage profit or loss in your margin account is a __________.

A. gain of 55.6%

B. loss of 3.33%

C. gain of 3.33%

D. loss of 55.6%

Given that a bond matures in 5 years with a coupon of 7% paid semi-annually and a yield to maturity of 9%, the current market price should be closest to __________.

A. $920.87

B. $870.63

C. $1,841.75

D. $1000.00