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    Explanation:
    Explanation
    The second order approximation of the VaR of an options position is given by [Option delta x Underlying's VaR - Option gamma/2 x (Underlying's VaR)

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      2]. Therefore, a higher gamma reduces VaR and a lower gamma increases VaR. Hence Choice 'b' is the correct answer.

      NEW QUESTION: 3
      When the BGP additional-paths feature is used, what allows a BGP speaker to differentiate between the
      different available paths?
      A. The additional path information is encoded in an extended community.
      B. A unique path identifier is encoded into a dedicated field to the NLRI.
      C. A route distinguisher is appended to the prefix by the receiving BGP speaker.
      D. The remote BGP peer prepends its own next-hop address to the prefix.
      Answer: B

      NEW QUESTION: 4
      Persistent unhappiness, loss of appetite, changes in sleep patterns, withdrawal and a decrease in energy
      are all symptoms of what mental illness?
      A. Depression
      B. Alter-ego
      C. Bi-polar disorder
      D. Chronic fatigue syndrome
      Answer: A
      Explanation:
      Depression is a mood disorder in which feelings of sadness, frustration, loss and anger
      interfere with day-to-day life for an extended period of time. Low self-esteem and anger are common. The
      degree of depression may be mild, moderate or severe, determining the amount of treatment required by
      a professional.


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