Julie Opted to Exercise Her August Option on June 20th

question 57

Multiple Choice

Julie opted to exercise her August option on June 20th and as a result received $2,500 for the sale of her shares. Which one of the following did Julie own?

• A) Warrant
• B) American call
• C) American put
• D) European call
• E) European put

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Definitions:

Computers

Electronic devices that are capable of receiving, processing, and providing information or data according to instructed commands.

High Levels

A term referring to a significant or above-average degree, amount, or intensity in a given context.

Banking Assets

Refer to the properties, loans, securities, and other financial resources owned or controlled by a bank that have value and can be used to meet its financial obligations.

Five Major Banks

A term often used to refer to the five largest banks in a particular country, which usually hold significant market share within the national financial system.