An Option That Would NOT Yield a Positive Payoff If

question 94

Multiple Choice

An option that would NOT yield a positive payoff if exercised today is referred to by which one of the following terms?

• A)hollow option
• B)zero option
• C)in-the-cellar option
• D)out-of-the-money option
• E)strike-out

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Definitions:

Paranasal Sinuses

Air-filled spaces in the bones of the skull that are connected to the nasal cavity.

Nasopharynx

The nasopharynx is the upper part of the pharynx, connecting the nasal cavity above to the mouth and larynx below.

Simple Squamous Epithelium

A single layer of flat cells lining surfaces involved in passive diffusion, such as the lining of blood vessels and air sacs of the lungs.

Alveoli

Tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place.