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

Multiple Choice Questions

1. Once in business, what did Long-Term have an easy time getting from banks?
(a) Workers.
(b) Money.
(c) Endorsements.
(d) Personal information.

2. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?
(a) A better financial model.
(b) Help.
(c) Real estate tips.
(d) Empathy.

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

4. How much of the face value of a bond do buyers typically pay?
(a) 15%.
(b) 1%.
(c) 25%.
(d) 10%.

5. What was Long-Term's signature trade?
(a) The "shining cat".
(b) The "equity vol".
(c) The "mort up".
(d) The "small build".

Short Answer Questions

1. What did Long-Term want to do for investors?

2. What companies were selling bonds for Russia?

3. What are some of the new markets Long-Term looked into in 1997?

4. In 1996, what was Meriwether encouraging Long-Term to do?

5. Who typically invested in hedge funds?

(see the answer key)

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