1.All else equal, as the underlying stock price increases: A.) the put price increases. B.) the put price decreases. C.) there is no effect on put price. D.) the put price can either increase, decrease, or remain the same.

2. All else equal, if an option's strike price increases then the: A.) value of a put option increases and that of a call option decrease. B.) value of a put option decreases and that of a call option increase. C.) value of both a put option and a call option increase. D.) value of both a put option and a call option decrease.

3. If the direct quotation for the Euro is $1.3565/Euro, what is the size of the indirect quotation?

A.) 0.2415 B.) 0.6435 C.) 0.7372 D.) 0.3565