I was asked to describe in detail the hedges I would implement to protect myself on a cargo of Petroleum bought today for future delivery in one region on local pricing with intention to deliver if by sea to a different region on totally different pricing.
Junior Trader Interview Questions
9,642 junior trader interview questions shared by candidates
If i toss 3 pieces on a tic-tac-toe board at random, and I pay you $9 if the pieces create tic-tac-toe, and you pay me $1 if they dont, do you want to play the game? (Expected value problem)
A piece of land has a 30% chance of being located over an oil reserve, in which case it is going to be worth 100M. If there is no oil, the land is worth 30M. You are offered an option to buy the land at 40M after inspecting it and ascertaining if there is oil. How much are you willing to pay for this option?
How many digits are in 99^10?
You roll a dice until you get a 5. What is the expected value of the minimum value rolled?
There were a few bunch of simple math questions and some probability questions. If you toss 4 coins and get 1 dollar for each heads, how much are you willing to pay to play the game? What if you have the chance to toss again one coin? What about two?
What if you could reflip 1 coin that you wanted. What would be the expected value then?
I have $1M on hands. You're invited to a gangling game. Tails: Payoff: twice you bet (if you bet $1, you will get $2+ your bet). Heads= you lose your bet. How much would you bet (it's a one-off gamble, no second chance).
We each flip three fair coins. I offer to pay you $1 if we do not get the same amount of heads, if you agree to pay me $2 if we do (get the same amount of heads). Will you agree to play this game?
Basketball player A and B. Game 1 and 2. In both game, A has a higher shooting average than B. Is it possible that B has a higher overall shooting average. Give an example if possible.
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