Underlying Stock Price: 45

question 63

Multiple Choice

Underlying stock price: 45.80 What option would you buy if you want to have the right to sell 100 shares of Glaxo stock on or before the 3rd Friday in October for $45 per share?

• A) Oct 45 call
• B) Oct 47.50 call
• C) Oct 50 put
• D) Oct 45 put
• E) Nov 47.50 put

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Definitions:

Preliminary Steps

Initial actions or procedures that are undertaken at the beginning of a legal or procedural process to ensure proper and systematic progression.

Researching Case Law

Involves the process of finding and analyzing past judicial decisions to understand how courts have interpreted the law in similar cases.

Research Goals

Objectives or targets that guide the focus and direction of a scholarly or scientific investigation.

Negligence Action

A legal claim brought by someone who has suffered harm due to another party's failure to exercise reasonable care or caution.