Use the Table for the Question(s) Below

question 15

Multiple Choice

Use the table for the question(s) below.
Consider the following information on options from the CBOE for Merck:
-The open interest for a January 2009 put option that is closest to being at-the-money is ________.

• A) 7,174
• B) 982
• C) 319
• D) 8,422

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Definitions:

Total Debt

The sum of all liabilities, both current and long-term, that a company owes.

Long-Term Liabilities

Financial obligations of a company that are due beyond one year from the balance sheet date.

Convertible Debt

A type of bond that can be converted into a predetermined number of shares of the issuing company.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.