Use This Graph to Answer the Question

question 1

Multiple Choice

Use this graph to answer the question.
-What were the total sales for the first 6 months of 2010?

• A)$302,000
• B)$64,000
• C)$366,000
• D)$286,000

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Definitions:

American Put Option

A type of options contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before or at a specified expiration date.

Market Interest Rates

The prevailing rate of interest available in the marketplace on investments and borrowing.

Exercise Price

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