A Security Issued by a fiRm That Gives Its Owner

question 118

Multiple Choice

A security issued by a firm that gives its owner the right to purchase new shares of stock at a fixed price over a given period of time is called a(n) :

• A) American call option.
• B) American put option.
• C) American warrant.
• D) European call option.
• E) European put option.

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Definitions:

Word-like Symbols

Symbols or sequences of characters in programming that resemble words and are used to represent variables, functions, types, etc.

High-level Source Program

A program written in a high-level programming language which is easier for humans to understand and must be translated into machine code by a compiler or interpreter.

Interpreter

An Interpreter is a program that directly executes instructions written in a programming or scripting language without requiring them to have been compiled into machine-language code.

Translates

In computing, translates generally refers to the process of converting code from one form or language to another, such as from high-level code to machine code.