At the time it underlying stock is trading at 48, Bubba buys a listed call option with a $50 strike price for
$300. At what minimum price must that stock trade for Bubba to recover his investment (ignoring commission and taxes)?

• A.$45
• B.$48
• C.$51
• D.$53

Comment: *

Name: *

Email: *

Verification: *

Convertible bonds have all of the following features except:

• A.an ability to protect a short position on the stock into which they are convertible
• B.permissibility for use as collateral
• C.a normally higher yield than non-convertible bonds of the same issuer
• D.fluctuations influenced by changes in the price of the underlying common stock

Comment: *

Name: *

Email: *

Verification: *

Which of the following stock exchanges is not registered with the SEC?

• A.Pacific Stock Exchange
• B.Boston Stock Exchange
• C.Chicago Stock Exchange
• D.all are registered

Comment: *

Name: *

Email: *

Verification: *

Which of the following options positions is characteristic of a short straddle?

• A.long one put and short one call
• B.long one call and short one put
• C.long one put and short one call
• D.long one call and long one put

Comment: *

Name: *

Email: *

Verification: *

To accommodate a customer's order to buy an over-the-counter stock, a broker/dealer is permitted to:

• A.sell him shares from the firm's inventory
• B.sell these shares short to the customer
• C.act as agent on this transaction
• D.all of the above

Comment: *

Name: *

Email: *

Verification: *