Round the Following Number to the Nearest Tenth and the Nearest

question 146

Essay

Round the following number to the nearest tenth and the nearest thousandth.
0.05434
to the nearest tenth: __________
to the nearest thousandth: __________

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Definitions:

Underlying Asset

The financial asset upon which a derivative's price is based, including stocks, bonds, commodities, currencies, interest rates, and market indexes.

European Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before or at a specified expiration date.

Underlying Asset

An asset over which options or other derivative instruments are based, which can include stocks, bonds, commodities, or currencies.

Exercise Price

The price at which the holder of an option can buy or sell the underlying security, as specified in the option contract.