Wills Are ______,Meaning That Testators Can Change Them

question 20

Multiple Choice

Wills are ______,meaning that testators can change them.

• A) Changeable
• B) Revocable
• C) Retrievable
• D) Rescuable
• E) Ambulatory

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Definitions:

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell shares of a stock at a specified price within a given time period.

Warrants

Options issued by a company that give the holder the right to purchase the company's stock at a specified price before a certain date.

Diluted Earnings

Earnings per share calculated by including the effects of all potential dilutive securities, which could decrease earnings per share by increasing the number of shares outstanding.

Potential Dilutive Effect

The possible impact on a company’s earnings per share if convertible securities were converted into common stock, often considered in financial analysis.