The Density of Gold Is 19

question 9

Multiple Choice

The density of gold is 19.3 g/mL. If the current price of gold is $56.75 per gram, what is the volume of a nugget of gold worth $150.00?

• A) 1.15 mL
• B) 0.868 mL
• C) 1.72 mL
• D) 1.27 mL
• E) 0.137 mL

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Definitions:

ESOs

Employee Stock Options (ESOs) are a form of equity compensation granted by companies to employees, allowing them to purchase company shares at a fixed price for a certain period.

Call Options

Financial derivatives that give the holder the right but not the obligation to buy a specific stock or asset at a predetermined price within a specified period.

American Call Option

An options contract that allows the holder to buy the underlying asset at a specified price at any time before or on the expiration date.

Variance

A statistical measure that represents the dispersion of data points in a data set around the mean, indicating how spread out the data is.