Give the Exact Value of the Expression $\cos \left( 2 \arcsin \frac { 1 } { 4 } \right)$

question 357

Multiple Choice

Give the exact value of the expression.
- $\cos \left( 2 \arcsin \frac { 1 } { 4 } \right)$

• A) \(\frac { 7 } { 8 }\)
• B) \(\frac { 1 } { 8 }\)
• C) \(\frac { 5 } { 8 }\)
• D) \(\frac { 3 } { 8 }\)

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Definitions:

Call Premium

The additional amount above the bond's face value that must be paid to redeem it before its maturity date.

Intrinsic Value

The actual, inherent value of a financial asset, determined through fundamental analysis without reference to its market value.

Strike Price

The pre-determined price at which the holder of an option can buy (call option) or sell (put option) the underlying asset.

Call Premium

The amount by which the call price of a bond or other security exceeds its face value, often applicable when the security is called before maturity.