Section C (4 Mark)
Suppose Nifty is at 4450 on 27th April. An investor, Mr. A, enters into a short straddle by selling a May Rs
4500 Nifty Put for Rs. 85 and a May Rs. 4500 Nifty Call for Rs. 122.
What would be the Net Payoff of the Strategy?
* If Nifty closes at 4293
* If Nifty closes at 5158

Section B (2 Mark)
Which of the following statement is/are correct?

Section B (2 Mark)
Mr. Subhash Bansal, a marketing manager is employed with IMFB limited. He took an advance of Rs.
1,20,000 against the salary of Rs. 30,000 per month in the month of March 2007. The gross salary of Mr Bansal for the assessment year 2007-08 shall be:

Section B (2 Mark)
Which one of the following statements is/are correct?

Section A (1 Mark)
The price that the buyer of a call option pays for the underlying asset if she executes her option is called the