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During a(n)Loebner test, in which an observer interacts electronically with both a computer and a person, the observer submits written questions electronically to both the computer and the person, evaluates the typed responses, and tries to identify which answers came from the computer and which came from the person. According to the test's inventor, if the computer can repeatedly fool the observer into thinking it was human, then it should be viewed as intelligent. _________________________
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a certain time period.
Strike Price
The specified price at which the buyer of an option can buy (for a call option) or sell (for a put option) the underlying security or commodity.
Conversion Value
The market value of a convertible security if it were to be converted into its underlying shares at the current rate.
Conversion Price
The price at which convertible securities, such as convertible bonds or preferred stocks, can be converted into common stocks.
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