Which of the Following Is True for a September Futures

question 11

Multiple Choice

Which of the following is true for a September futures option?

• A) The expiration month of option is September
• B) The option was first traded in September
• C) The delivery month of the underlying futures contract is September
• D) September is the first month when the option can be exercised

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Definitions:

Eminent Domain

The right of a government or its agent to expropriate private property for public use, with payment of compensation.

Fairly Compensate

To provide just or appropriate remuneration or settlement for services performed or harm experienced.

Market Value

The current price at which an asset or service can be bought or sold in the open market, reflecting its perceived worth.

Fee Simple Absolute

The most complete ownership of land or property legally possible, allowing the owner unrestricted rights to use, sell, or bequeath the property.