Question
Which of the following is true? A)Investment assets are held by significant numbers of investors for investment purposes B) Gold and silver are purely investment
- Which of the following is true?
A)Investment assets are held by significant numbers of investors for investment purposes
B) Gold and silver are purely investment assets
C) Investment assets are never held for consumption
D)Consumption asset is an asset that is held for both consumption and investment purposes
2.A company enters into a short futures contract to sell 1,000 units of a commodity for $60 per unit. The initial margin is $6,000 and the maintenance margin is $4,000. What futures price will allow $4,000 to be withdrawn from the margin account?
A)62
B)56
C)58
D)64
3.The six-month zero rate is 9% per annum with continuous compounding. The price of a one-year bond that provides a coupon of 6% per annum semiannually is 97. What is the one-year continuously compounded zero rate?
A)10%
B)9%
C)8.5%
D)9.5%
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