Julie Opted to Exercise Her August Option on June 20th

question 93

Multiple Choice

Julie opted to exercise her August option on June 20th and as a result received $2,500 for the sale of her shares. Which one of the following did Julie own?

• A)warrant
• B)American call
• C)American put
• D)European call
• E)European put

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Definitions:

Electroconvulsive therapy

A psychiatric treatment where seizures are electrically induced in patients to provide relief from mental disorders.

Hormone therapy

Treatment that involves the administration of hormones, especially to correct a deficiency or regulate the body's functions, commonly used in conditions like menopause and certain cancers.

Implicit memory

Refers to the unconscious and automatic use of memory, such as skills and procedures learned through experience.

Episodic memory

A kind of durable memory that encompasses the remembrance of particular incidents, circumstances, and personal encounters.