1. Jason purchased a six-month put on ABC stock at a cost of $100. The Strike was $15. At what market price does Jason just break-even on this investment? Ignore transaction costs ans taxes
A) $15 B) $16 C)$14 D) Cannot be determined from the infromation provided
2. True or False. When we combine stocks in a? portfolio, the amount of risk that is eliminated depends on the degree to which the stocks face common risks and move together.