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NEW QUESTION: 1
A stock sells for $100, and a call on the same stock for one year hence at a strike price of $100 goes for $35.
What is the price of the put on the stock with the same exercise and strike as the call? Assume the stock pays dividends at 1% per year at the end of the year and interest rates are 5% annually.
A. $35
B. $31.20
C. $41.50
D. $31.95
Answer: B
Explanation:
Explanation
We know from the put-call parity that:
Call - Put = Stock - Deposit
In the given situation,
Stock price = 100
call = 35
Put = ?
Exercise price = 100
However, we cannot use the stock price as-is, we need to adjust it for dividends that will be received during the period for which the option is valid. Dividends are $1, which need to be discounted to the present. In financial theory, dividends are often assumed to be continuously paid, though in reality they are single discrete payments at points in time. In this situation, for simplicity we assume that the dividend is paid at the end of the year, and needs to be discounted to the present and deducted from the spot price.
Therefore:
Stock price adjusted for dividends = $100 - ($1/1.05) = $100 - $0.95 = $99.05 Similarly, the bank deposit amount, which is the PV of the exercise price, can be calculated as $100/1.05 =
$95.24
We can now calculate the price of the put by plugging the numbers above in the put-call parity:
35 - Put = $99.05 - $95.24
Therefore the value of the put = 31.19, which is closest to 31.20 which therefore is the correct answer.

NEW QUESTION: 2
You want your application to have consistent styling across portals. You want the background color of all buttons in your application to be blue. You want the background color of the buttons to be easily updated in case corporate branding changes.
Which attribute do you modify to set the background color?
A. The buttons format
B. The controls format
C. The background mixin
D. The application skin
Answer: C

NEW QUESTION: 3

A. Option B
B. Option C
C. Option A
Answer: C
Explanation:
Explanation
Assign a role to a user
* Sign in to the Azure portal with an account that's a global admin or privileged role admin for the directory.
* Select Azure Active Directory, select Users, and then select a specific user from the list.
* For the selected user, select Directory role, select Add role, and then pick the appropriate admin roles from the Directory roles list, such as Conditional access administrator.
* Press Select to save.
References:
https://docs.microsoft.com/en-us/azure/active-directory/fundamentals/active-directory-users-assign-role-azure-po

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