1. A strategy that might reduce the impact of time erosion is the .......... spread: the combined position of one long option and one short option is less susceptible to the effects of time decay.

2. Apex is .......... loan obligation — a derivative security whose underlying instrument is a commercial loan — that LJM2 has with First Union, which since has been acquired by Wachovia Bank.

3. Should the FRB help bail out billionaire hedge fund managers and millionaire traders — the very people who bought the risky mortgages that led to the current market panic? — that, in essence, is the Question swirling around Ben S. Bernanke as he confronts the first crisis of his 18 months as .......... chairman.

4. There are many different ways to own gold, but one of the most popular gold bullion coins is South Africa's .......... ; introduced in 1970, it was the world's first gold bullion coin, and is denominated in ounces of pure gold rather than having a face value.

5. The maximum loss from a market peak to a market nadir, commonly called the maximum .........., measures how sustained one's losses can be.

6. .......... ADR is a depositary receipt program established at the discretion of the issuer, which selects the depositary; the depositary's role is formalized in accordance with a Deposit Agreement between the depositary bank and an issuer.

7. This daily updated chart is your resource for tracking the .......... unit values of the Investment Division of the New York Life Variable Annuity; for more complete performance including average annual total return, please click on the New York Life Variable Annuity Performance Summary.

8. NASHVILLE — The state's strong financial situation had Gov. Phil Bredesen looking forward to his annual meetings with New York bond .......... agencies on Wednesday; Bredesen said he hopes the agencies will continue to assign Tennessee a positive outlook.

9. HR carbon and HSLA plate imports totalled 530,789 tonnes valued at $457.4 million; .......... YTD import volumes would result in an estimated 579,000 tonnes of imports for all of 2004, which would represent an increase of 64 percent over 2003.

10. The Securities and Exchange Commission (SEC) has approved the Philippine Stock Exchange Inc.'s (PSE) .......... listing rules for companies acquiring the listing status of a listed company; the new rules will provide the necessary guidelines for compliance and will take effect on September 28, 2006.