[Solved] Each section of an IP address is called an octet because in binary it is represented by ____ bits. A)2 B)8 C)16 D)24 Dramatic Decline: A rapid and significant drop in the value or price of an asset or market. Naked Strategy: A trading tactic involving the speculative purchase or sale of financial instruments without protective measures to offset potential losses. Long Put: An options strategy where an investor purchases a put option, betting that the underlying asset's price will decline below the strike price before expiration. Collar Strategy: An investment strategy that uses options to limit the range of possible returns, protecting against large losses but also capping large gains.