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One reason for improved application development productivity with the database approach is that file design and low-level implementation details do not need to be handled by the application programmer.
Strike Price
The predetermined price at which the holder of an option can buy or sell the underlying asset.
Market Price
The current price at which an asset or service can be bought or sold in the marketplace.
Black-Scholes
A mathematical model used for pricing European call and put options, considering factors like stock price, strike price, volatility, and time to expiration.
European Options
Financial derivatives that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on a specified expiration date.
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