Use the Table for the Question(s)below

question 11

Essay

Use the table for the question(s)below.
Consider the following information on options from the CBOE for Merck:
-You have decided to sell (write)5 January 2009 put options on Merck with an exercise price of $45 per share.How much money will you receive and are these contracts in or out of the money?

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Definitions:

Market Price

The going rate at which a service or asset can be sold or bought in the marketplace.

Conservation

The responsible management of the environment and natural resources to prevent depletion and harm, ensuring their sustainability for future generations.

Property Rights

Rights that legally entitle individuals to own, utilize, and transfer both physical and intellectual property.

Open Ocean

Refers to the vast, deep body of saltwater that covers most of the Earth's surface, not enclosed by land.