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Figure 39-12
-In the accompanying figure, when contact 1 closes, coil 100 will always be the ____________________ that turns on because it is scanned before coil 101.
Call Option
A financial derivative that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a predetermined period.
Purchase
The act of acquiring goods or services in exchange for money or other compensation.
Underlying Asset
The underlying asset determining the value of a derivative, including options like stocks, bonds, commodities, or currencies.
Troy Ounces
A unit of measure traditionally used for precious metals, where one troy ounce equals approximately 31.1035 grams.
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