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?
Definitions:
Contingent Consideration
A future payment in a business acquisition that is dependent on specific conditions being met, often related to the target company's performance.
Bargain Purchase
A transaction in which a company acquires assets or another company for a price significantly below the fair market value of the assets.
Acquisition Transaction
A business deal in which one company purchases another company to expand its operations or enter new markets.
Recording
The act of documenting financial transactions in the accounting records of an organization, following principles of bookkeeping.
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