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_____ produce fundamental changes that can transform a company or even revolutionize an industry; _____ enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.
European Option
A type of financial derivative that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on the option's expiration date.
Exercise
In financial contexts, it refers to the act of invoking the right to buy or sell the underlying asset as specified in a derivatives contract, such as options or warrants.
Intrinsic Value
The inherent or true value of an asset, investment, or company, based on underlying perception of its actual value including all aspects of the business, in terms of both tangible and intangible factors.
Option Value
The premium or price for holding an option, representing the potential benefit of choosing one course of action over another.
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