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When Ursula retired from the local school district, she used her teaching skills in her volunteer position as a mentor to disadvantaged children. As a retiree, she is considered a(n) :
Put Option
A financial agreement that provides the purchaser with the option to sell a certain quantity of an underlying asset at a predetermined price during a set timeframe, without being required to do so.
Exercise Price
The rate at which an individual possessing an option can execute a purchase (in call option scenarios) or a sale (in put option scenarios) of the underlying asset.
Stock Price
The cost of purchasing a share of a company, which fluctuates based on market demand, company performance, and economic conditions.
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