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Cousins Bailey, Sofia, and Zola are playing at an indoor baby gym. Bailey has recently begun to crawl, Sofia has been crawling for a while, and Zola has recently begun to walk. The three cousins' attention is suddenly grabbed by the pleasing sounds of a familiar toy that has rolled down a too-steep incline. Which cousin is likely to attempt to go down the incline?
Settlement Date
The date on which a trade is finalized, and the buyer must make payment and the seller must deliver the asset.
Option Contract
A financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a certain period.
Right
In finance, the prerogative to buy or sell a security under specific conditions, often associated with options.
Specific Asset
An identifiable and tangible asset owned by a company, often critical to its operations or unique in nature, usually with specific investment criteria.
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