By Convention, Standardized Stock Options Expire on the

question 89

Multiple Choice

By convention, standardized stock options expire on the

• A) first day of the expiry month
• B) last day of the expiry month
• C) 28^th day of the expiry month
• D) Saturday following the third Friday of the expiry month
• E) Friday after the first Monday of the month

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Definitions:

Ordering

The process of requesting and procuring goods or services from suppliers or vendors.

Received

The act of accepting or obtaining something that has been sent or given.

Two-Way Link

A reciprocal relationship or connection, where both parties can send and receive information or influence each other.

Logistics

The detailed coordination of a complex operation involving people, facilities, or supplies, in the movement of goods from point of origin to point of consumption.