Which of the following most accurately describes a derivative security A derivative:

单项选择题What is the most likely effect of an increase in volatility on the price of a:Call option Put option①A. Decrease Increase②B. Decrease Decrease③C. Increase Increase

单项选择题The term (maturity) of a forward rate agreement is 90 days and the underlying rate is 180 - day LIBOR. If 180-day LIBOR increases over the term (life) of the contract, which of the following best describes the descriptive notation for the contract and the party receiving payment at expiration, respectivelyDescriptive notation Party receiving payment at expiration①A. 3 × 6 Long②B. 3 × 9 Long③C. 3 × 6 Short