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An order of award presentations has been devised for seven people: Jeff, Karen, Lyle, Maria, Norm, Olivia, and Paul.
-In how many ways can the awards be presented so that Maria and Olivia will be next to each
Other?
Implicit Call Option
A provision in a financial contract that gives the issuer the right, but not the obligation, to take a specified action under certain conditions, often found in bonds.
Include
To contain, encompass, or have something as part of a whole or group.
American Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a predetermined price within a specified time period until expiration.
Underlying Asset
An asset or security on which a derivative instrument, such as a futures or options contract, is based.
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