You Have Written a Put Option on ABC Stock

question 94

Multiple Choice

You have written a put option on ABC stock. The exercise price is $30 and the current stock price is $31.The option payoff wills _________ if the stock price increases by $1 and the payoff will _________ if the stock price decreases by $1.

• A) Increase; decrease
• B) Decrease; increase
• C) Remain the same; increase
• D) Remain the same; decrease
• E) Remain the same; remain the same

Understand the historical foundations and significant events in the development of psychology.

Identify key figures in psychology and their contributions to its development.

Understand the distinction between different schools of thought within psychology.

Recognize the methodologies associated with different psychological perspectives.

---

Definitions:

Acceleration Clause

A provision in a loan agreement that allows the lender to demand immediate repayment of the balance if certain conditions are not met.

Negotiable Instrument

A financial document, such as a check or promissory note, that contains an unconditional promise or order to pay a specified amount of money, easily transferable from one party to another.

Acknowledges The Debt

The act of a debtor formally admitting the existence or validity of a debt owed to a creditor.

Promise To Pay

A legal agreement where one party agrees to repay a debt or fulfill an obligation to another party.