Q4. Which of the following contracts are traded in the OTC derivatives markets: (I) Forward on US Dollar; (II) Futures on S\&P Index; (III) Futures on California Water Index; (IV) Credit Default Swap (A) I, II, III, and IV (B) III only (C) I and IV only (D) I, II, and III only Answer: Q5. Based on the information below, which of the following should be the correct value of the no-arbitrage lower bound for European Call Option? Assume no dividends. (A) 0 (B) 67.72 (C) 52.12 (D) None of the above