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A 3-month put has a strike price of $45 and an option premium of $.80. The underlying stock is selling for $45.10 per share. What is the time value of the put?
Shays' Rebellion
An armed uprising in Western Massachusetts in 1786-1787, led by Daniel Shays, protesting fiscal policies and perceived economic injustices.
Debt-Ridden Farmers
Farmers who are heavily burdened with debt, often as a result of loans taken out to cover the costs of farming operations.
Foreclosures
Legal process by which a lender takes control of a property due to failure of the borrower to meet the terms of the mortgage.
Virginia Plan
A proposal at the Constitutional Convention that called for a strong central government with a bicameral legislature dominated by the most populous states.
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