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This quiz consists of 5 multiple choice and 5 short answer questions through Dear Investors.

Multiple Choice Questions

1. What year did Meriwether hire Myron Scholes?
(a) 1996.
(b) 1993.
(c) 1995.
(d) 1994.

2. What notable company went bankrupt in the 1970's?
(a) Penn Coal.
(b) Penn Weapons Industry.
(c) Penn North Distillery.
(d) Penn Central Railroad.

3. How much did Long-Term earn in its first year of operation?
(a) 28%.
(b) 5%.
(c) 10%.
(d) 75%.

4. In 1993, what was happening more than usual in America?
(a) Refinancing.
(b) Starvation.
(c) Bankruptcy.
(d) Day trading.

5. What happened to Meriwether's Treasury bill deal before it was resolved?
(a) Huge gains.
(b) Big losses.
(c) It remained steady.
(d) It fell apart.

Short Answer Questions

1. What were the models Long-Term used unable to predict?

2. What company was Kapor the founder of?

3. Who did most funds have to be registered with?

4. Why did Rosenfeld choose not to co-found Kapor's project?

5. How much of the face value of a bond do buyers typically pay?

(see the answer key)

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