Divide, Rounding to the Nearest Hundredth

question 194

Multiple Choice

Divide, rounding to the nearest hundredth:

• A)6.12
• B)61.2
• C)612
• D)6.11

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Definitions:

Strike Price

The predetermined price at which an option's holder has the right to purchase (for a call option) or sell (for a put option) the underlying asset.

Option

An option is a financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.

European Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a certain asset at a specified price (strike price) on a specified date.