Before the Internet Became a Viable Alternative for Transmitting Data

question 18

Short Answer

Before the Internet became a viable alternative for transmitting data, EDI exchange of business information between trading partners occurred over private telecommunications networks called _________________________.

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Definitions:

Stock Price

Stock price is the cost of purchasing a share of a company, reflecting the market's valuation of the company at any given time.

Time Spread

An options strategy involving the purchase and sale of two options of the same type and strike price but with different expiration dates.

Exercise Price

The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security.

Expiration Date

The specific date upon which an options or futures contract is no longer valid and the right to exercise it ceases.