If You Buy an Option to Buy Treasury Futures at 110,and

question 7

Multiple Choice

If you buy an option to buy Treasury futures at 110,and at expiration the market price is 115,

• A) the call will be exercised.
• B) the put will be exercised.
• C) the call will not be exercised.
• D) the put will not be exercised.

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Definitions:

Fitness

Degree of adaptation to an environment, as measured by the individual’s relative genetic contribution to future generations.

Armored Glyptodonts

Prehistoric mammals resembling large armadillos with bony plates covering their bodies, now extinct.

Extinct

Refers to a species that no longer exists on Earth, having no living representatives remaining.

Armadillos

Small to medium-sized mammals protected by a hard, protective shell, known for their ability to roll into a ball.