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Explain the Four Applications of Modifier -51

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Explain the four applications of modifier -51.


Definitions:

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a specified amount of an underlying asset at a predetermined price within a specified time frame.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's equity shares.

In the Money

A term used in options trading indicating that the option has intrinsic value.

Call

An option contract giving the owner the right, but not the obligation, to buy a specified amount of an underlying asset at a set price within a specified time.

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