Examlex
Suppose the price of e-books is initially $20 but decreases to $15.The absolute value of the percentage change in price (by the midpoint method) is approximately _____%.
Put Option
A financial contract allowing the holder to sell a stock, bond, commodity, or other asset at a specified price within a certain period.
Writer
In finance, it refers to the seller of an option contract, who is obligated to buy or sell the underlying asset if the option is exercised.
Premium
The amount by which the price of a security or insurance policy exceeds its par or face value or the cost of acquiring an option or futures contract.
Strike Price
The predetermined price at which an option can be exercised, either to buy or sell the underlying asset.
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