An Architect Uses a Scale of 0

question 96

Multiple Choice

An architect uses a scale of 0.5 inch to represent 1 foot on a blueprint. If the west wall of a building is 27 feet long, how long will the line be on the blueprint?

• A) 54 inches
• B) 13.5 inches
• C) 27 inches
• D) 9 inches

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Definitions:

Call Option

A fiscal arrangement offering the buyer the freedom, yet not the compulsion, to buy various assets like stocks, bonds, or commodities at a fixed price before the expiration of a certain period.

Strike Price

The set price at which an option contract can be bought or sold when it is exercised.

Stock Price

Stock price is the cost of purchasing a share of a company, reflecting the market's valuation of the company at any given time.

Time Spread

An options strategy involving the purchase and sale of two options of the same type and strike price but with different expiration dates.