On March 30 You Are Holding a Call Option on a Stock

question 28

Multiple Choice

On March 30 you are holding a call option on a stock (exercise price of $60) ,which will expire on March 31.The closing price of the stock on March 30 is $59.What is the value of your call option?

• A) $1
• B) - $1
• C) Very little
• D) Zero

Understand the role of organizational justice in employee treatment.

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Identify key contributors to the development of evolutionary theory.

Recognize the significance of fossils and the fossil record in understanding evolutionary history.

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Definitions:

Ask Price

The lowest price at which a seller is willing to sell a security or commodity.

Semi-annual

Occurring twice a year; a term often used in finance to describe payments or interest calculations that happen twice within a year.

Coupon Bond

A type of bond that pays the holder interest at fixed intervals through coupons.

Par Value

The face value of a bond or stock, representing the amount that the issuing company agrees to pay at maturity or the value on which dividend payments are calculated.