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33. One of the causes of the large losses experienced by the Long-Term Capital Management...

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Accounting

33. One of the causes of the large losses experienced by the Long-Term Capital Management hedge fund was

A. Large speculation on the Japanese stock index

B. Speculation on the price of copper

C. Locational arbitrage on Shell Oil stock

D. Basis arbitrage on natural gas futures

E. None of the above

34. What was the role of the Russian government bond default during the Long-Term Capital Management saga?

A. Default resulted in an increase of equities prices

B. Default resulted in an increase of on-the-run bond prices

C. Default induced Long-Term Capital Management to short gold

D. Default caused a spike in oil prices

E. None of the above

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