If a Client Investor Is Holding a Large Number of Listed

question 25

Multiple Choice

If a client investor is holding a large number of listed shares on the ASX,intends to sell in three months' time and wishes to protect the value of the share portfolio,they may:

• A) buy a futures contract based on the S&P/ASX.
• B) sell a futures contract based on the S&P/ASX.
• C) write a put option based on the S&P/ASX.
• D) buy a call option based on the S&P/ASX.

Understand the processes involved in gametogenesis and their outcomes.

Describe mechanisms of sperm-egg interaction and the prevention of polyspermy in both external and internal fertilization.

Recognize sexual dimorphism and sequential hermaphroditism in animals.

Explain the adaptations and processes involved in fertilization and early development in different animal species.

---

Definitions:

Coupon

The interest rate paid by a bond, usually expressed as a percentage of the bond's face value.

Cash Flow Matching

A form of immunization, matching cash flows from a bond portfolio with those of an obligation.

Immunization

A strategy in fixed income investing that aims to make a portfolio's duration and interest rate risk match its liability obligations.

Duration Matching

An investment strategy where the durations of assets and liabilities are aligned to reduce the risk of changes in interest rates affecting the net worth.