Section C (4 Mark)
Suppose an investor Mr. A buys or is holding ABC Ltd. currently trading at Rs. 4758. He decides to establish a collar by writing a Call of strike price Rs. 5000 for Rs. 39 while simultaneously purchasing a Rs. 4700 strike price Put for Rs. 27. Since he pays Rs. 4758 for the stock ABC Ltd., another Rs. 27 for the Put but receives Rs.
39 for selling the Call option, his total investment is Rs. 4746.
What would be the Net Payoff of the Strategy?
* If ABC Ltd closes at 4851
* If ABC Ltd closes at 5267

Section A (1 Mark)
The __________ is NOT a market anomaly.

Section B (2 Mark)
A person is treated as being UK resident for a tax year if he or she is physically present in the UK for at least
___ days in the year or makes regular visits to the UK averaging at least ___ days per year. Fill in the blanks.

Section C (4 Mark)
Which of the following statements is/are correct?

Section C (4 Mark)
Suppose Sunil visits his favorite coffee shop and encounters his good friend Rohit. Rohit raves about his stockbroker, whose firm employs an analyst who appears to have made many recent successful stock picks.
The conversation goes something like this:
SUNIL: Hi, Rohit, how are you?
ROHIT: Hi, Sunil. I'm doing great! I've been doing superbly in the market recently.
SUNIL: Really? What's your secret?
ROHIT: Well, my broker has passed along some great picks made by an analyst at her firm.
SUNIL: Wow, how many of these tips have you gotten?
ROHIT: My broker gave me three great stock picks over the past month or so. Each stock is up now, by over
10 percent.
SUNIL: That's a great record. My broker seems to give me one bad pick for every good one. It sounds like I need to talk to your broker; she has a much better record!
Which of the following biases have been exhibited by Gaurav?