Bob's DJIA Index Option Had a Strike Price of 98

question 78

Multiple Choice

Bob's DJIA Index option had a strike price of 98.When he exercised the option, the Dow was at 10,050.

• A) Bob received $2,050 from the writer of the contract.
• B) Bob paid $250 to the writer of the contract.
• C) Bob received $250 from the writer of the contract.
• D) Bob received $700 from the writer of the contract.

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Definitions:

Voluntary Cooperation

A process where individuals or groups willingly work together towards a common goal or interest without coercion.

Kellogg Briand Pact

An international agreement signed in 1928 that aimed to prevent war by making it illegal as a policy tool among signing nations.

International Community

A collective term for all countries and their governments, often used in the context of global politics and diplomacy.

Future Wars

Hypothetical or proposed conflicts that might occur in the future, considering current geopolitical tensions, technological advancements, and strategic interests.