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

Multiple Choice Questions

1. What did Rosenfeld and his friend develop?
(a) Energy drinks.
(b) Software.
(c) Energy bars.
(d) A financial museum.

2. What type of strategy did Long-Term employ?
(a) High risk.
(b) Moderate risk.
(c) Whatever was dictated by the market.
(d) Low risk.

3. Who helped Meriwether raise money for Long-Term?
(a) No one.
(b) Merrill Lynch.
(c) Warren Buffet.
(d) Salomon Brothers.

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

5. Meriwether believed that risk and volatility were what?
(a) Quantifiable.
(b) Unmanagable.
(c) A part of life.
(d) Abstract ideas.

Short Answer Questions

1. What did the letter Meriwether sent to his clients claim it was difficult to do with Long-Term?

2. What affected bond trading in the 1970's?

3. How much money did Rosenfeld's business bring in?

4. Where was the London office for Long-Term located?

5. Where did Meriwether work in 1979?

(see the answer key)

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