Examlex
Carlos is training his new graphic design intern on the use of color in mobile ads. Which of the following is good advice when it comes to the use of color?
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a specified time.
Premium
Premium often refers to the additional cost above the normal or nominal amount, in contexts such as insurance payments, above-par bond prices, or the price paid for options contracts.
Lookback Options
A type of option which allows the holder to "look back" over the time period of the option to select a price that is most advantageous for exercising their option.
Underlying Asset
Refers to the financial instrument (e.g., stock, bond, commodity) on which a derivative's value is based.
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