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NEW QUESTION: 1
Which of the following statements about the option gamma is correct? Gamma is the
I. Second derivative of the option value with respect to the volatility.
II. Percentage change in option value per percentage change in the price of the underlying instrument.
III. Second derivative of the value function with respect to the price of the underlying instrument.
IV.
Rate of change of the option delta with respect to changes in the underlying price.
A. I only
B. III and IV
C. II, III, and IV
D. II and III
Answer: B

NEW QUESTION: 2
Given:

What is the result?
A. A B C
B. C B A
C. Compilation fails at line n1 and line n2
D. C
Answer: B

NEW QUESTION: 3
If Congress passes a bill while in session, and whether or not it is signed by the President, that bill becomes law within how many days?
A. 12 days
B. 20 days
C. 15 days
D. 10 days
Answer: D
Explanation:
Explanation: If Congress passes a bill while in session, and whether or not it is signed by the President, that bill becomes law within 10 days. The other answer choices-12 days, 15 days, and 20 days-are all too high.

NEW QUESTION: 4
Using the internal audit department to coordinate regulatory examiners' efforts is beneficial to the organization because internal auditors can:
A. Perform fieldwork for the regulatory examiners and thus shorten the regulatory examiners' review.
B. Supply evidence of adequate compliance testing through internal audit workpapers and reports.
C. Recommend changes to the scope of the regulatory examiners' review.
D. Influence regulatory interpretation of law to better match corporate practice.
Answer: B