Tina Has Been Extremely Hyperactive for the Past Week and Is

question 208

Multiple Choice

Tina has been extremely hyperactive for the past week and is getting by with only three hours of sleep each night. Her thoughts seem to be racing out of control, and she is convinced that the novel she started last week will become a best seller and win a Pulitzer Prize, even though she has never had any of her writing published in the past. Tina's symptoms suggest that she is currently experiencing

• A)dysthymic disorder.
• B)generalized anxiety disorder.
• C)a manic episode.
• D)dissociative fugue.

Understand key option pricing terms and concepts, such as delta, hedge ratio, and elasticity.

Understand the components of the Black-Scholes option pricing model and which inputs are observable or not directly observable.

Analyze the impact of various factors (e.g., dividend policies, level of interest rates, time to expiration, stock price volatility) on the value of call and put options.

Calculate and interpret the exposure of portfolios that include stock and options to changes in stock price.

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Definitions:

Phytophthora

A genus of plant-damaging oomycetes, commonly referred to as water molds, responsible for a range of plant diseases.

Axopods

Long, thin extensions of certain protozoans, such as those in the phylum Actinopoda, used for feeding and movement.

Test

A shell.

Actinopods

Protists characterized by axopods that protrude through pores in their shells. See rhizarians.