Fight Finance

(a) 0.0005

(b) 0.0006

(c) 0.1603

(d) 0.1738

(e) 0.1909

(a) $361.78

(b) $236.33

(c) $237.93

(d) $348.69

(e) $223.24

If the USD appreciates against the AUD, the American terms quote of the AUD will or ?

If the AUD appreciates against the USD, the European terms quote of the AUD will or ?

(a) Are long debt.

(b) Invest in debt.

(c) Are owed money.

(d) Provide debt funding.

(e) Have debt liabilities.

(a) Prefer more to less, meaning that they will always like to have more wealth.

(b) Be risk averse, meaning that they dislike risk as measured by the standard deviation of wealth.

(c) Have a positively sloped utility function, so the gradient or first derivative of the utility function is always positive.

(d) Have a utility function that increases at a diminishing rate. So the shape is concave down like a frown, or the second derivative is always negative.

(e) Have a utility function that rises until it reaches the satiation point, then it falls because too much wealth causes problems.

(a) Neither Miss Red nor Mrs Green would appear rational to an economist.

(b) Mrs Green is satiated when she has $25 of wealth. That is her bliss point.

(c) Mrs Green is risk loving when she has between zero and $25 of wealth, same as Mr Blue.

(d) Mrs Green is risk averse when she has between $25 and $50 of wealth.

(e) Mrs Green is risk loving when she has between $50 and $100 of wealth, same as Mr Blue.

(a) Income statement

(b) Balance sheet

(c) Cash flow statement

(d) Stock exchange data

(e) It's not published, it can only be estimated using multiples or discounted cash flow methods.

(a) $95.345378

(b) $95.819741

(c) $96.138082

(d) $96.296464

(e) $96.775559

(a) Bond holders like convexity, it’s good for them.

(b) Bond issuers like convexity, it’s good for them.

(c) If yields rise, convex bonds lose less value than non-convex bonds of equal duration.

(d) If yields fall, convex bonds gain more value than non-convex bonds of equal duration.