Which of the Following Characteristics Are Correct Regarding the Old

question 43

Multiple Choice

Which of the following characteristics are correct regarding the old style option quotation system?
I. The system is known as OPRA - the Options Price Reporting Authority code.
II. The system has 3 data elements.
III. The system has 21 characters.
IV. The system has 5 characters.
V. The system is known as the OCC Series Key.
VI. The root symbol is the underlying stock's ticker symbol.

• A)I, II, III, and VI
• B)II, III, IV, and V
• C)I, II, and IV
• D)II, III, V, and VI
• E)III, V, and VI

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Definitions:

Dividend Practices

Refers to corporate policies and strategies regarding the distribution of profits to shareholders in the form of dividends.

Earnings in Dividends

This term is not standard; likely refers to the portion of a company's earnings distributed to shareholders in the form of dividends.

Residual Dividend Policy

A strategy whereby companies pay dividends from the residual or leftover equity only after all project capital needs are met.

Dividend Payout Ratio

The fraction of net income a firm pays to its shareholders in dividends, expressed as a percentage of the company's total net income.