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Consider the following derivatives product with the same underlying asset: 3m= 18:24 61 21400 ($) ($) 600.00047.0007.26% 1 21600 ($) ($) 542.0000.000+0.00%0 18:24 (1) 61

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Consider the following derivatives product with the same underlying asset: 3m= 18:24 61 21400 (\$) (\$) 600.00047.0007.26% 1 21600 (\$) (\$) 542.0000.000+0.00%0 18:24 (1) 61 20400 (\$) (S) 425.000+22.000+5.46% 12 20600 (\$) (\$) 482.000+17.000+3.66% 15 20800 (5) (5) 526.0000.000+0.00%0 21000 (\$) 850.000x1654.000+26.000+4.14%6 21200 (\$) (\$) 733.000+14.000+1.95% 1 21400 (\$) (S) 880.000+100.000+12.82%2 21600 (\$) (S) 901.0000.000+0.00%0 21800 (5) (5) 1017.0000.000+0.00%0 22000 (\$) (\$) 1140.0000.000+0.00%0 The risk-free interest rate in the market is 2% per annum, compounded continuously. Assume we have 365 days in a year. If you believe the market is bearish and expect the settlement price will be 19000 , you will choose: Select one: a. Short Call b. Long put c. Short forward Question 5 If you believe the market is bearish and expect the settlement price will be 20500, you will choose: Select one: a. Short forward b. Short Call c. Long put Question 6 If you believe the settlement price will have a 40% probability to be 22000 and 60% probability to be 19000 , you will choose: Select one: a. Short forward b. Short Call c. Long Put Consider the following derivatives product with the same underlying asset: 3m= 18:24 61 21400 (\$) (\$) 600.00047.0007.26% 1 21600 (\$) (\$) 542.0000.000+0.00%0 18:24 (1) 61 20400 (\$) (S) 425.000+22.000+5.46% 12 20600 (\$) (\$) 482.000+17.000+3.66% 15 20800 (5) (5) 526.0000.000+0.00%0 21000 (\$) 850.000x1654.000+26.000+4.14%6 21200 (\$) (\$) 733.000+14.000+1.95% 1 21400 (\$) (S) 880.000+100.000+12.82%2 21600 (\$) (S) 901.0000.000+0.00%0 21800 (5) (5) 1017.0000.000+0.00%0 22000 (\$) (\$) 1140.0000.000+0.00%0 The risk-free interest rate in the market is 2% per annum, compounded continuously. Assume we have 365 days in a year. If you believe the market is bearish and expect the settlement price will be 19000 , you will choose: Select one: a. Short Call b. Long put c. Short forward Question 5 If you believe the market is bearish and expect the settlement price will be 20500, you will choose: Select one: a. Short forward b. Short Call c. Long put Question 6 If you believe the settlement price will have a 40% probability to be 22000 and 60% probability to be 19000 , you will choose: Select one: a. Short forward b. Short Call c. Long Put

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