In Forming the Compound Sodium Chloride,NaCl,the Sodium Loses an Electron

question 24

Multiple Choice

In forming the compound sodium chloride,NaCl,the sodium loses an electron and chlorine gains an electron.The bond that holds this compound together is a(n) _____ bond.

• A) covalent
• B) hydrogen
• C) ionic
• D) intermolecular

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Definitions:

Delta

The number of stocks required to hedge against the price risk of writing one option. Also called the hedge ratio.

Underlying Asset

An asset upon which a derivative's price is based, ranging from commodities and currencies to stocks and bonds.

Call Price

The price at which a callable bond can be redeemed by the issuer before its maturity date, typically higher than the face value.

Option Value

The inherent value of an option contract, determined by factors like the underlying asset's price, the strike price, and the time until expiration.