1. In computing the FCF (free cash flow), a decrease in the net working capital, holding other variables constant, will

a. Decrease the FCF

b. Increase the FCF

c. Increase the net Income

d. Both b and c

2. Implied volatility of an option:

a. is usually higher than the historical volatility.

b. is usually lower than the historical volatility.

c. is the volatility we derive from the market when we incorporate the actual (trading) price of an option in an option pricing model .

d. is usually negative.

3. The price data for crypto asserts:

a. are not publicly available.

b. are exclusive only to a group of investors.

c. Both a and b.

d. Are publicly available if students or faculty want to do research on crypto assets