Buying a call and a put at the same time on the same underlying share, both with a strike price of $50 and the same three month expiry date is:

Select one: q27

a. An option straddle

b. A vertical spread

c. A bull spread

d. A butterfly spread

Within a mutual fund, the term 'marked-to-market' means,

Select one: q29

a. shares in the fund are marked down in price when a share spilt occurs

b. that the fund type has to be an ETF

c. shares in the fund are revalued to their end-of-day price

d. shares in the fund are offered for sale to market traders, who called 'marks'

An Active Mutual Fund manager

Select one: q30

a. will have few trades as they simply aim to follow a selected market index

b. will continually trade in the hope of outperforming the market

c. will seek equities or bonds which are have good growth prospects

d. will seek equities or bonds which are underpriced based on fundamentals