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Lechno,Inc.issues compensation options with the following terms.Strike = $65,price = $63.50,σ = 0.22,r = 0.045,div = 0.015.What is the value of the option if it will be repriced at $40? Assume 10 years to expiration.
Market Economy
A system where the prices of goods and services are determined by supply and demand, rather than by government intervention.
Employment Discrimination
Unfair treatment of employees based on race, gender, age, religion, nationality, disability, or sexual orientation rather than job performance or qualifications.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of involuntary unemployment.
Full Production
A state of economic production in which all available resources (labor, capital, etc.) are being used efficiently, leading to the maximum possible output.
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