[Solved] If the nominal interest rate is 9 percent and the anticipated inflation rate is 4 percent, then A) the real interest rate is 5 percent. B) the real interest rate is 13 percent. C) the real interest rate is -5 percent. D) the real interest rate is 2.25 percent. Call Options: Agreements that provide the purchaser with the option, but not the duty, to purchase a specific asset at an agreed-upon price during a designated timeframe. Premium: An amount paid that is higher than the nominal or expected value, often associated with insurance costs or bond rates. Covered Option: Occurs when a trader writes (sells) an option while having the underlying position to cover the position in the event that the option is exercised. Naked Option: A risky investment strategy involving the selling of options contracts without owning the underlying asset or having a covering position.