Which One of the Following Items Is Not Considered a Part

question 3

Multiple Choice

Which one of the following items is not considered a part of the cost of a truck purchased for business use?

• A) Sales tax
• B) Truck license
• C) Freight charges
• D) Cost of lettering on side of truck

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Definitions:

Expiration

The date on which a derivative contract such as an option or futures contract becomes void and the right to exercise it no longer exists.

Arbitrage Opportunity

A situation where a trader can profit from differences in price of the same asset in different markets without taking on any risk.

American Put Option

A type of put option that can be exercised at any time before its expiration, allowing the holder to sell the underlying asset at a specified price.

Exercise Price

The price at which the holder of an option can buy (in case of a call option) or sell (in case of a put option) the underlying asset.