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Precise Parts, Inc., and Quality Auto stores enter into a contract for a sale of auto parts that meet certain specifications. Precise Parts ships some conforming goods and several cases of goods that do not comply. Quality Auto
Dividend
A dividend is a payment made by a corporation to its shareholders, usually in the form of cash or stock, from its profits or reserves.
Net Profit
The amount of income that remains after subtracting all expenses, taxes, and costs from revenue.
Exercise Price
The exercise price is the preset price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.
Market Price
The present rate at which a commodity or service is available for purchase or sale in the marketplace.
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