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Brad Purchased an Option That He Can Only Exercise on the Final

question 13

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Brad purchased an option that he can only exercise on the final day of the option period.Which type of option did he purchase?


Definitions:

Defence Mechanism

Mental tactics used subconsciously to shield an individual from distress caused by intolerable ideas or emotions.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another person.

Motives

Internal drives or reasons that prompt an individual to act in a certain manner, aiming to fulfill a need or achieve a goal.

Defence Mechanism

Unconscious psychological strategies brought into play by various entities to manage thoughts and feelings that are perceived as socially unacceptable.

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