Which of the Following Statements Is CORRECT

question 23

Multiple Choice

Which of the following statements is CORRECT?

• A) Put options give investors the right to buy a stock at a certain exercise price before a specified date.
• B) Call options give investors the right to sell a stock at a certain exercise price before a specified date.
• C) Options typically sell for less than their exercise value.
• D) LEAPS are very short-term options that have begun trading on the exchanges in recent years.
• E) Option holders are not entitled to receive dividends unless they choose to exercise their option.

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Definitions:

Ethical

Pertaining to morals, principles of right and wrong, or the philosophy regarding moral conduct.

Sales Clerk

A retail worker responsible for assisting customers, conducting sales transactions, and maintaining the sales floor's organization.

NASW Code of Ethics

A document that outlines the ethical principles and standards that guide the professional conduct of social workers, emphasizing principles like social justice, dignity and worth of the person, and the importance of human relationships.