Given the following ledger account and postings,complete the Balance column.Assume no previous postings in the account.
Definitions:
Exercise Price
The exercise price is the preset price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.
Market Price
The present rate at which a commodity or service is available for purchase or sale in the marketplace.
Binomial Model
An option-valuation model predicated on the assumption that stock prices can move to only two values over any short time period.
Exercise Price
The specified price at which the option holder can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.
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