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

2. How much did Long-Term plan to take from its profits?
(a) 15%.
(b) 30%.
(c) 10%.
(d) 25%.

3. What unusual event happened when Meriwether began working with Treasury futures?
(a) The U.S. government collapsed.
(b) The price fell.
(c) The price rose.
(d) He lost millions.

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

5. How much did the accounts for investors increase in 1994?
(a) 20%.
(b) 10%.
(c) 5%.
(d) 50%.

Short Answer Questions

1. What did the Black-Scholes model believe was constant?

2. In bond trading, what are loans backed by collateral called?

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

4. What were the models Long-Term used unable to predict?

5. What company was Kapor the founder of?

(see the answer key)

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