) positive, negative d) positive; positive 15) The impact of a decrease in the exercise price and the impact of an increase in the volatility of the underlying stock will and the value of a put option. a) decrease & increase b) increase & increase c) increase&decrease d) decrease & decrease 16) A futures contract is an agreement to buy or sell a a) specified amount of an asset at an undetermined price on the expiration date of the contract b) unspecified amount of an asset at a predetermined price on the expiration date of the contract c) specified amount of an asset at a predetermined price on the expiration date of the contract d) unspecified amount of an asset at a undetermined price on the expiration datc of the contract 17) Type of interest rate swap for a speculator who feels interest rates soo will all wants to pay the a) fixed, floating b) floating, floating floating, fived fned,fied 18) An investor would want to interest rate futures to hedge a long position in Treasury bonds and rate and receive the rate. ant to Treasury-bond futures to exploit an expected fall in interest rates c) sell, sell d) sell buy an investor would w a) buy, sell b) buy, buy