In the accompanying figure, the word referenced by item 3 has been ____.
Definitions:
Put Option
A legally binding agreement that enables an individual to choose, though not be forced, to offload a specific volume of an underlying asset at a predetermined rate before a particular deadline.
Acquisition Price
The total cost incurred to acquire an asset, including the purchase price and associated expenses.
Premium
An amount paid in addition to a standard rate, often associated with insurance costs, options trading, or higher quality services and products.
Call Option Values
The worth of a call option based on factors like the underlying asset's price, the strike price, and the time to expiration.
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