A European Call Option Can Be Exercised

question 11

Multiple Choice

A European call option can be exercised

• A) any time in the future.
• B) only on the expiration date.
• C) if the price of the underlying asset declines below the exercise price.
• D) immediately after dividends are paid.
• E) none of these.

---

Definitions:

Effectiveness

The degree to which something is successful in producing a desired result; efficiency.

Client System

In social work, this term refers to the individual, family, group, or community that is seeking help or services.

Termination Phase

In counseling and therapy, it refers to the final stage of the client-professional relationship where therapy goals have been met and the relationship is ended.

Planned Change Process

A systematic approach designed to transition individuals, teams, and organizations from a current state to a desired future state.