​At Expiration, an Option

question 40

Multiple Choice

​At expiration, an option
1) is worth its intrinsic value
2) has no time premium
3) may be exercised by the buyer but not by the writer

• A)​1 and 2
• B)​1 and 3
• C)​2 and 3
• D)​all three

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Definitions:

Transitional Epithelium

A type of tissue consisting of multiple layers of epithelial cells that can contract and expand, found in areas such as the bladder.

Urinary Bladder

The urinary bladder is a hollow organ that stores urine produced by the kidneys before it is excreted from the body.

Elastic Cartilage

A type of cartilage that is more flexible due to the presence of elastic fibers, found in the ear and epiglottis.

Renal Vein

A blood vessel that carries filtered blood away from the kidney to the inferior vena cava.