Where is your fairy god mother when you need one???

Can Someone please just make it go away...I don't want to take this exam on Monday. I Just want it to be over with. PLEASE...Pretty please with sugar on top!

For your enjoyment here is some examples of questions that I have to know. Just to let you know these are the easier ones.

The following appears on the NYSE ticker tape: X67.3s .10. Relating to this, which of the following statements is TRUE? USX Corp. is quoted at 67 to 67.10. Someone is bidding for 100 shares of USX Corp. at 67 and someone else is offering 300 USX Corp. at 67.10. 100 shares of USX Corp. traded at 67, followed by a trade of 300 at 67.10. USX Corp. opened at 67 followed by a trade of 300 shares at 67.10. Explanation: Correct. The answer is 100 shares of X (the symbol for USX Corp) traded at 67, followed by a trade of 300 shares at 67.10. When 100 shares of a stock trades, only the symbol of the stock and price are printed. When the amount is from 200 to 9,900, the last two zeros are omitted and the symbol for the 100 share round-lot is added. For example, it is shown as 2s for 200, 3s for 300, 10s for 1,000, and 99s for 9,900. When the amount traded is 10,000 shares or more, the entire amount is printed (for example, X 10,000s 67 means that 10,000 shares of USX traded at 67).

On September 14th, a customer purchases an ABC December 60 call and sells an ABC November 60 call. The customer: Has engaged in a debit spread Has engaged in a credit spread Wants the spread to widen Wants the spread to narrow I and III I and IV II and III II and IV Explanation: Correct. To determine if the customer wants the spread to widen or narrow, it is necessary to determine if the spread is a debit or credit spread. The premium for an option is determined by two factors; the in-the-money amount of the option (intrinsic value) and the time value. Since both options have the same strike price, the intrinsic values (in-the-money amount) are equal. Therefore, any difference in premium is the result of a difference in time value. Since the December contract has longer until expiration than the November contract, it has more time value. Therefore, the premium for the December contract will be larger than for the November contract. Since the customer purchased the December contract (higher premium), it is a debit spread and will profit if the spread widens.