Financial Products test

1. Options!
A. Complete the table with “+” or “-”:
Impact on the price of Impact on the price of a
Parameters
call option put option

Rise of the underlying

Time goes by

Rise of the underlying’s volatility

B. Jessy believes that Apple Inc. price will drop in the next 6 months.
 Today, September 20, 2013, the stock price is USD 475.
 Jessy buys 500 put options giving him the right to sell Apple at USD 475 in 6 months, on March 20, 2014.
The characteristics of these options are:
 Parity or entitlement ratio (i.e. the number of options required to sell one share): 5
 Price of each put option: USD 9.50
 On March 20 2014, the stock price is USD 405. Jessy exercised his options.
Ignoring time value of money, what performance return, relatively to his initial investment of September 20 (in percentage,
rounded to 1 decimal) did Jessy make on these transactions?
A. 27.3%
B. 47.4%
C. 17.3%
D. 67.9%
E. 14.7%

2. Video script!
Sustainability is a current topic, with more and more influence in the financial world. BNP Paribas has a deep
engagement with this cause and we propose to our clients efficient ways to invest in this theme.
Through THEAM, BNP Paribas Global Markets has developed a range of SRI funds that keeps getting broader. Based on
the information available in this page of the THEAM website, we ask you to propose a video script, typically 300 to 400
words long. You can highlight any of the following as long as you respect the maximum lenght:
THEAM's Engagement in Sustainability
Why Sustainable investing with THEAM?
THEAM's SRI solutions (you will find information on THEAM's SRI funds at the bottom of the link provided.
Important! Your video is targeted to Institutional investors, such as wealth managers and private bankers. With this
video, they will be able to understand the strategy and how to position this range of products to their clients.
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