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The teacher of a sixth-grade class is concerned about the poor academic performance of a 12-year-old student named Nancy.The teacher looks through Nancy's school records and discovers that Nancy got an IQ score of 80 when she took an intelligence test in preschool.Considering the textbook's discussion of IQ scores, the teacher should conclude that:
Exercised
In financial terms, refers to the act of utilizing the rights provided by a derivative contract, such as executing a buy or sell order under the terms of an option contract.
American 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 specified price within a certain time period.
Fixed Price
A pricing strategy where the cost of goods or services is set and does not fluctuate with changes in the market or inventory costs.
Given Date
A specific date mentioned or defined within a particular context or document.
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