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Sam has been diagnosed with major depressive disorder. He tells you that he is certain the world will end next Tuesday because everyone in it is so wicked. He refuses to consider that he might be wrong. Sam has _________
European Call
An option contract that gives the holder the right, but not the obligation, to buy a specific asset at a specified price within a fixed period, applicable only at the expiration date.
Expiration Date
The specified date on which an option, futures contract, or other derivative expires, and settles by either physical delivery or cash settlement.
Convertible Bond
A convertible bond is a type of bond that can be converted into a predetermined number of the issuing company's shares at the discretion of the bondholder, typically at certain times during its life.
Conversion Value
In convertible securities, the value of the security if it were converted into a different form, such as from a bond to stock.
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