To Qualify as a Member of the Planter Class, a Person

question 65

Multiple Choice

To qualify as a member of the planter class, a person had to be engaged in southern agriculture and

• A) own at least ten slaves.
• B) grow specifically cotton or sugarcane.
• C) own at least twenty slaves.
• D) live in a large mansion.
• E) own at least fifty slaves.

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Definitions:

Strike Price

The fixed price at which an options contract may be purchased or sold upon its exercise.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Value

The amount of money an investment is expected to grow to over a period of time, assuming a particular interest or growth rate.

Volatility

Refers to the degree of variation of a trading price series over time as measured by the standard deviation of returns.