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Use the table for the question(s) below.
Consider the following information on options from the CBOE for Merck:
-The open interest for the January 2009 put option that is closest to being at-the-money is:
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Accrual Basis
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.
Accounting Principles
The standardized guidelines and rules followed by accountants to record, report, and summarize financial transactions, ensuring consistency and transparency.
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