The term structure of interest rates usually indicates that longer terms to maturity have higher

__________ was the subject of the MBW vs. ORX case. MBW entered into to contract to buy portion of land and drill. MBW paid with a personal check to try to avoid legitimate debt. By ___________ the funds, the LLC was operating as an alter ego and ORX was allowed to pierce the corporate veil and hold the owner of MBW, Mr. Washauer, personally liable.

Fill in the blank(s) with the appropriate word(s).

Use VaR techniques to determine the cost of insurance on a risky investment. The investment asset has a value of $80 and pays no dividend. The historical standard deviation of the asset is 15% and the expected return on the asset is 8%

At the 95% confidence level, what is the price of a put option that insures the asset over the next year? A) $2.56 B) $1.25 C) $0.86 D) $0.15