Assuming That a User Enters 64 as the Score, What

question 7

Multiple Choice

Assuming that a user enters 64 as the score, what is the output of the following code snippet?

• A)D
• B)C
• C)B

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Definitions:

Call Option

A call option gives the holder the right, but not the obligation, to buy an underlying asset at a specified price within a specific time period.

Premium

The amount by which the price of a financial asset exceeds its par or face value, or alternatively, the cost above the normal price paid to acquire an insurance policy.

Put Option

A financial contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a set time frame.

Put Premium

The cost associated with acquiring a put option, allowing the holder to sell an asset at a stipulated price within a specific timeframe, offering protection against asset depreciation.