Section C (4 Mark)
Suppose ABC Ltd. is trading at Rs 4500 in June. An investor, Mr. A, shorts Rs 4300 Put by selling a July Put for Rs. 24 while shorting an ABC Ltd. stock. The net credit received by Mr. A is Rs. 4500 + Rs. 24 = Rs.
4524.
What would be the Net Payoff of the Strategy?
* If ABC Ltd closes at 4053
* If ABC Ltd closes at 5025

Section B (2 Mark)
The current market price of a share of XYZ stock is Rs50. If a call option on this stock has a strike price of Rs45, the call

Section A (1 Mark)
HNWI stands for

Section C (4 Mark)
The returns of 2 shares are as follows

Calculate the covariance of returns.

Section A (1 Mark)
A term that refers to the borrower's assets or net worth is called: