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The president has the power to appoint all but which of the following?
Outstanding Call Options
Call options that have been sold but not yet exercised, representing potential claims on the underlying security.
Efficient-market Hypothesis
The theory that all known information is already reflected in stock prices, making it impossible to consistently achieve higher returns than the overall market.
Security Prices
The current cost or value at which a particular security, such as stocks, bonds, or options, can be bought or sold in the market.
Empirical Validity
The extent to which a theoretical concept is supported by real-world evidence or data.
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