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What are the four requirements to correctly specify a position tolerance?
Call Option
A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specified time.
Specific Stock
A particular share or security representing ownership in a company.
Specific Price
A precise cost or valuation assigned to a particular item, service, or financial instrument.
Long-Term Debt
Financial obligations of a borrowing entity that are due for repayment in more than one year's time.
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