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George is organizing the files and folders on his system for ease of accessibility. He notices that the first folder that is selected when he first opens a File Explorer window lists up to the 10 most frequently used folders and up to the 20 most recently accessed files. Identify the type of folder that is selected when George opens the File Explorer Window.
Black-Scholes
A mathematical model used to estimate the theoretical price of European put and call options, considering factors such as risk-free rate, volatility, and time.
Instantaneous Risk-free Rate
The theoretical rate of return of an investment with no risk of financial loss, typically considered as a very short-term government bond yield.
Hedge Ratio
The ratio of the size of a position in a hedging instrument to the size of the position being hedged.
Strike Price
The price at which the holder of an option contract has the right to buy or sell the underlying asset.
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