Examlex
Managers should under no conditions take actions that increase their firm's risk relative to the market, regardless of how much those actions would increase the firm's expected rate of return.
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period.
Dividend
A distribution of earnings given by a company to its stockholders, typically out of its profits.
Black-Scholes OPM
A model used to calculate the theoretical price of European put and call options, based on factors including the stock's current price, its volatility, the option's strike price, and the risk-free interest rate.
National Paper
Debt instruments issued by a government to finance its national activities and projects.
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