Use the Table for the Question(s)below

question 5

Multiple Choice

Use the table for the question(s) below.
Consider the following information on options from the CBOE for Merck:
-How many of the January 2009 put options are in the money?

• A)1
• B)3
• C)2

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Definitions:

U.S. Supreme Court

The highest court in the United States, which has the ultimate judicial authority to interpret federal laws including the Constitution.

One Hundred Cases

A numerical expression typically signifying a significant quantity or sample size in various contexts, such as legal cases, patient numbers, or research studies.

Rule of Four

A procedural rule of the United States Supreme Court stating that if four justices agree to grant a writ of certiorari, the Court will consider the case.

Writ of Certiorari

A legal term referring to a type of writ seeking judicial review, where a higher court is asked to order a lower court or agency to send the records of a case for review.