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

Multiple Choice Questions

1. Where did Meriwether work in 1979?
(a) Merrill Lynch.
(b) Lehman.
(c) Salomon Brothers.
(d) Long-Term.

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

3. How much did Long-Term earn in its first year of operation?
(a) 28%.
(b) 5%.
(c) 10%.
(d) 75%.

4. What did Long-Term want to do for investors?
(a) Limit risk.
(b) All of these.
(c) Make money.
(d) Build trust.

5. What type of government paper was bought in Italy?
(a) Italian money.
(b) Fluctuating rate.
(c) Deeds to monuments.
(d) Floating rate.

Short Answer Questions

1. What models did Long-Term follow?

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

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

4. How long did Long-Term expect their investors to commit?

5. What company was Kapor the founder of?

(see the answer key)

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