Given the following information find the size of the national debt. Prior to 1985 the country's budget was balanced annually.
Definitions:
Put Option
A financial contract that gives the owner the right, but not the obligation, to sell a specified amount of an underlying security at a predetermined price within a specified time frame.
Option Price
The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.
Intrinsic Value
The actual, fundamental value of an asset, based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors.
Warrants
Securities that give the holder the right, but not the obligation, to buy a company's stock at a specific price before a certain date.
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