Examlex
Why are exotic options not so exotic? Ask the class to explain why an option described as exotic is merely a standard option with different terms.Ask students to create exotic options that are different than the text examples.
Fair Market Value
The price at which an asset would trade in a competitive auction setting, reflecting the true value as agreed upon by a willing buyer and seller.
RRSP
A Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, with certain tax advantages.
Compounded Annually
Interest calculated once a year on the initial principal and the accumulated interest of previous periods of a deposit or loan.
Deferred Annuity
An insurance product that delays income payments until the investor elects to receive them, which can be many years after the initial investment.
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