[单项选择]An investor buys a stock at $90 and also buys a put option on the stock with a put price of $4 and having an exercise price of $80. At expiration of the put option, the stock price has fallen to $60. The loss for the investor's position would be :

[单项选择]An investor buys two calls and one put on ABC stock, all with a strike price of $45. The calls cost $5 each, and the put costs $4. If the investor closes the position when ABC is priced at $55, the investor's per share gain or loss is :

[单项选择]Aleda Jones owns a stock and buys an at-the-money put option for a premium of $3.00. If the breakeven ( zero profit) point of this portfolio insurance strategy is $92, the strike price of the option is :

[单项选择]An investor expects a stock currently selling for $ 20 per share to increase to $ 25 by year - end. The dividend last year was $1 but he expects this year's dividend to be $1.25. What is the expected holding period return on this stock（）
A. 28.50%.
B. 24.00%.
C. 31.25%.

[单项选择]An investor sold a stock short and is worried about rising prices. To protect himself from rising prices he would place a:（）
A. stop order to sell.
B. limit order to sell.
C. stop order to buy.

[单项选择]An investor writes a covered call on a $40 stock with an exercise price of $50 for a premium of $2. The investor's maximum:

[单项选择]An investor gathers the following information about two stocks:（）
A. Scenaril1
B. Scenario2
C. Scenario3
D. Probability
E. 0.5
F. 0.3
G. 0.2
H. Rate of retum on:
I. Security1
J. 25%

[单项选择]The direct exchange of securities between investors without using an intermediary or the services of a broker occurs in which of the following markets（）
A. The third market.
B. The fourth market.
C. The over-the-counter market.

[单项选择]An investor gathered the following information about a real estate investment:

[单项选择]What triggered new interest among foreign investors in the stock markets is that ______.

[单项选择]She always buys （） my birthday.
A. something awful to
B. anything awful to
C. something nice for
D. anything nice for

[单项选择]An investor bought a futures contract covering 100000 Mexican Pesos at 0.08196 and deposited margin of $320. The following day the contract settlement price was 0.08201. The new margin balance in the account is:

[单项选择]In 1980 the largest foreign financial investor in the U. S. was from ______.
A. H.K.
B. U.K.
C. Latin America
D. South Africa

[单项选择]She seldom buys clothing for herself,（）
A. don't she
B. doesn't she
C. do she
D. does she

[单项选择]

Passage Four
Almost every family buys at least one copy of a newspaper every day, Some people subscribe to as many as two or three different newspapers. But why do people read newspapers
Five hundred years ago, news of important happenings--battles lost and won, kings or rulers overthrown or killed--took months and even years to travel from one country to another. The news passed by word of mouth and was never accurate. Today we can read in our newspapers of important e vents that occur in faraway countries on the same day they happen.
Apart from supplying news from all over the world, newspapers give us a lot of other useful in formation. There are weather reports, radio, television and film guides, book reviews, stories, and, of course, advertisements. There are all sorts of advertisements. The bigger ones are put in by large companies to bring attention to their products. They pay the newspapers thousands of dollars for their advertising space, b
A. Five hundred years ago news did not take a long time to reach other countries.
B. Large companies put big advertisements in the newspapers to make their products known.
C. The news that we need in Our newspapers is up-to-date.
D. Though the newspapers are sold at a low price, their owners still gain profit.