题目内容
（请给出正确答案）
Why is it suggested that you close your eyes and picture the beach？
A．It is not complicated to do so.
B．It is an area which can be easily controlled.
C．It helps beat a bad mood.
D．It brings us a new technique.
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更多“Why is it suggested that you close your eyes and picture the beach？A．It is not complicated”相关的问题
The suggested reason why Whitman admired Abraham Lincoln was that ______.
A．Abraham Lincoln longed for freedom and equality and made a law to liberate the American slaves
B．Abraham Lincoln reunited his nation
C．Abraham Lincoln was also a poet
D．Abraham Lincoln was the leader of the American Civil War
Why does the man bring his wife back？
A．He has suggested some new arguments to her.
B．He is very anxious to sell the house.
C．He is afraid she might have offended a potential buyer.
D．He wants her to continue to negotiate on his behalf.
When the mayor suggested a new method of recycling garbage, a conservative member of the audience called out, “what we’ve done in the past is good enough. Why change（） things？”
A.playful
B.amused
C.traditional
D.open
Question 7
What is the Phillips curve？ What does it purport to show？ Why might we be interested in the relationship suggested by the Phillips curve？ Explain.
A、To meet manufacturer suggested opening point.
B、It allows optimum ac operation of the circuit.
C、It allows optimum dc operation of the circuit.
D、All of the above
Why should anti-vires software be updated at least once a week？
A．Because the newly published anti-vires software is more expensive.
B．Because the previous (先前的) anti-vires software cannot work any longer.
C．Because the inventors of viruses have suggested this idea.
D．Because computer viruses are always developing.
A．She promised to help the man.
B．She came a long way to meet the man.
C．She took the man to where he wanted to go.
D．She suggested a way out of the difficulty for the man.
The chief executive officer (CEO) of Faoilean Co has just returned from a discussion at a leading university on the ‘application of options to investment decisions and corporate value’. She wants to understand how some of the ideas which were discussed can be applied to decisions made at Faoilean Co. She is still a little unclear about some of the discussion on options and their application, and wants further clarification on the following:
(i) Faoilean Co is involved in the exploration and extraction of oil and gas. Recently there have been indications that there could be significant deposits of oil and gas just off the shores of Ireland. The government of Ireland has invited companies to submit bids for the rights to commence the initial exploration of the area to assess the likelihood and amount of oil and gas deposits, with further extraction rights to follow. Faoilean Co is considering putting in a bid for the rights. The speaker leading the discussion suggested that using options as an investment assessment tool would be particularly useful to Faoilean Co in this respect.
(ii) The speaker further suggested that options were useful in determining the value of equity and default risk, and suggested that this was why companies facing severe financial distress could still have a positive equity value.
(iii) Towards the end of the discussion, the speaker suggested that changes in the values of options can be measured in terms of a number of risk factors known as the ‘greeks’, such as the ‘vega’. The CEO is unclear why option values are affected by so many different risk factors.
Required:
(a) With regard to (i) above, discuss how Faoilean Co may use the idea of options to help with the investment decision in bidding for the exploration rights, and explain the assumptions made when using the idea of options in making investment decisions. (11 marks)
(b) With regard to (ii) above, discuss how options could be useful in determining the value of equity and default risk, and why companies facing severe financial distress still have positive equity values. (9 marks)
(c) With regard to (iii) above, explain why changes in option values are determined by numerous different risk factors and what ‘vega’ determines. (5 marks)
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