Student Name: PARTI: Please answer these 25 questions. 1. Which of the following are real assets? a. options b. futures c. automobiles d. common stock 2. The Spot market is also known as a: a. cash market b. speculative market c. derivative market d. arbitrage market 3. A call option gives the holder: a the right to buy something b. the right to sell something c. the obligation to sell something d. the obligation to buy something 4. A transaction in which an investor holds a position is long) in the spot market and holds futures or options to offset the position is called: a. a gamble b. a speculative position c. a hedge d. a arbitrage transaction 5. A call option priced at $2 with a current market price of the stock at $30 and an exercise price of $35 allows the holder to: a. buy the stock at $35 b. sell the stock at $35 c. buy the stock at $30 d. sell the stock at $30