1. What does a downward sloping yield curve usually imply?

a. A recession is forthcoming.

b. A recession has passed.

c. A bull market is forthcoming.

d. A bull market is occurring.

2. What kind of bond can the issuer retire before maturity?

a. Convertible bond

b. Callable bond

c. Discount bond

d. Premium bond

3. Proponents of the Efficient Market Hypothesis typically advocate:

a. A passive investment strategy.

b. A liberal investment strategy.

c. A conservative investment strategy.

d. An aggressive investment strategy.

4. When will the absolute value of an option's delta approach 1?

a. When it is at the money.

b. When it is deep out of the money.

c. When the stock price approaches the strike price.

d. When it is deep in the money.

5. Twitter, a competitor of FaceBook had negative earnings in 2016. Name a ratio you could use to compare these stocks?

a. Price/Book

b. EV/EBITDA

c. Price/Cash Flow

d. All of the above