Which organizational form specializes most heavily in the surplus lines market? (Surplus lines are typically unusual, hard-to-insure risks that are rejected by domestic insurers): O Inter-insurance Exchange O Lloyd's of London O Stock Insurers O Mutual Insurers A trader enters into a short position in cotton futures contract when the futures price is 50 cents per pound. The contract is for the delivery of 10,000 pounds. How much does the trader gain or lose if the cotton price at the end of the contract is 48.30 cents per pound? O Loss of $170 O Gain of $170 O Loss of $340 O Gain of $340 The risk map we discussed in class has two dimensions. What are they? O Loss frequency and severity O Objective risk and subjective risk O Wealth and utility Probability density function and average loss