Jeff Opted to Exercise His August Option on August 10

question 40

Multiple Choice

Jeff opted to exercise his August option on August 10 and received $2,500 in exchange for his shares. Jeff must have owned a(an) :

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

---

Definitions:

Thurstone's Model

A theory of intelligence that proposes seven primary mental abilities as the basis of intelligence.

Primary Abilities

Primary abilities refer to fundamental cognitive skills in specific domains, such as verbal reasoning or spatial understanding, crucial for overall intellectual functioning.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Accommodation

In psychology, a cognitive process that involves adjusting our existing knowledge structures in response to new experiences.