Examlex
Which of the following characteristics are correct regarding the old style option quotation system?
I. The system is known as OPRA - the Options Price Reporting Authority code.
II. The system has 3 data elements.
III. The system has 21 characters.
IV. The system has 5 characters.
V. The system is known as the OCC Series Key.
VI. The root symbol is the underlying stock's ticker symbol.
Expensive
Involving a high cost or requiring considerable expenditure.
Equilibrium
A situation in which market demand equals supply, resulting in consistent pricing.
Dominant Strategies
In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by other players.
Equilibrium
The state in an economy or market where demand equals supply, leading to stable prices.
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