1. Explain the financial use case of smart contracts in blockchain technology.
2. Do size and value effects mean that small outperform large or value outperform growth in every year/every month? What should be the correct horizon to invest in the size and the value effects?
3. A put option has a strike price of $25.00 and a stock price of $18.00. If the put option is trading at $11.00, what is the time value embedded in the option?