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Which event would most likely be considered a catastrophe?
Stock Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy a stock at a specified price within a certain period.
Call Premium
The amount by which the price of a callable bond exceeds its par (or nominal) value or the amount paid for an option above its intrinsic value.
Time Spread
An options or futures strategy where a trader simultaneously buys and sells the same financial instrument with different expiration dates.
Exercise Price
The specified price at which the holder of an option can buy or sell the underlying asset.
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