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This quiz consists of 5 multiple choice and 5 short answer questions through Dear Investors.

Multiple Choice Questions

1. Michael Steindardt believed what was the "culprit in 1994"?
(a) Leverage.
(b) Poverty.
(c) Wealth.
(d) Foolish investments.

2. What year did Meriwether hire Myron Scholes?
(a) 1994.
(b) 1993.
(c) 1995.
(d) 1996.

3. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?
(a) 1 million.
(b) 20 million.
(c) 5 million.
(d) 6 million.

4. In 1994, what market did Long-Term begin to express an interest in?
(a) International.
(b) Local.
(c) Chinese.
(d) Chicago.

5. What models did Long-Term follow?
(a) Value-at-Risk.
(b) All of these.
(c) Black-Scholes.
(d) Merton.

Short Answer Questions

1. In the 1970's, what type of trading was considered dull?

2. How much did the accounts for investors increase in 1994?

3. How much of the face value of a bond do buyers typically pay?

4. Who did most funds have to be registered with?

5. What is the method of paying a percentage of a bond called?

(see the answer key)

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