An investment is the commitment of money or other resources in the expectation of reaping benefits.

According to the State-Trait Anger Theory and how one experiences anger, “trait anger” is anger experienced as a more stable personality dimension.

What is the final stage of the dying process according to Elisabeth Kübler-Ross?

Shyness, or behavioral inhibition, in childhood, is a risk factor for anxiety disorder.

A person with this type anxiety disorder expects to feel embarrassed, judged, or rejected when in the presence of others.

The first stage of the dying process, according to Elisabeth Kübler-Ross.

Math Question 2: A portfolio consists of short a one-year, 50-strike European call option with price equal to $8.50, and long a one-year, 60-strike European put option with price equal to $6.75. Both options are on the same underlying non-dividend paying stock and assume zero interest rates. The stock price in one year is $55. What is the portfolio’s profit/loss at expiry (in dollars)? 

Math Question 7: The price of a European call that expires in 6 months and has a strike price of $24 is $5.09. The underlying stock price is $20.37 and it pays no dividends in the next 6 months. Continuously compounded risk-free interest rates (all maturities) are 7.48%. Explain the arbitrage opportunities if the price of the European put option that expires in 6 months and has a strike price of $24 is $7.78. Once completed, select “True” below.

Math Question 9: Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5, and $8, respectively. Assume zero interest rates. (a) Explain how a butterfly spread can be created. Construct a table and draw a graph showing the profit/loss from this strategy. (b) What is the maximum profit possible with this strategy?(c) For what range of stock prices would the butterfly spread lead to a loss? Answer each part of the question above on paper. Once completed, select “True” below.

This test contains the exam questions as well as instructions to follow and submit your written work.You have 60 minutes to complete the math questions + an additional 15 minutes for set up, scanning and submission. You can use an on-screen calculator (from Step 1) or a handheld calculator for this exam. No phone calculators allwoed.Please note that only pre-approved self created one page (front and back) formula sheets will be allowed.Please leave this test open until you have completed your online exam and successfully submitted your written work.