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

Multiple Choice Questions

1. What group did Meriwether found in 1977?
(a) The Commanders.
(b) Smith & Meriwether Co.
(c) The Arbitrage Group.
(d) The Meegen Group.

2. In 1994, why did the yield raise on the thirty year Treasury bond?
(a) It rose 5%.
(b) It dropped 16%.
(c) It rose 16%.
(d) It dropped 10%.

3. Where was the Long-Term Capital Portfolio stored?
(a) Germany.
(b) Cayman Islands.
(c) Bermuda.
(d) Switzerland.

4. What did Black and Scholes use to calculate market change?
(a) Calculus and computer models.
(b) In depth financial patterns.
(c) Meriwether's advice.
(d) History.

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

Short Answer Questions

1. Who ran the London office for Long-Term?

2. What was J.F. Eckstein & Co. primarily working on in 1979?

3. What financial crisis did Long-Term make it through that most of the market didn't?

4. How much did Long-Term earn in its first year of operation?

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

(see the answer key)

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