1. Which of the following is not an effective way of hedging receivables?
a. Buy a put option
b. Diversify receivables with several negatively correlated currencies
c. Sell the currency forward
d. Buy a call option
2. Thomas Nguyen currently has $10,000 in the bank earning interest of 6% per year, compounded monthly. If he needs $25,000 to purchase a car and can save an additional $100 a month starting at the end of this month, how long will it take him to accumulate the $25,000.