Use the Table for the Question(s) Below

question 84

Multiple Choice

Use the table for the question(s) below.
Consider the following information on options from the CBOE for Rackspace.

-How many of the December 2010 put options are in-the-money?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Consequential Damages

Refers to secondary effects or financial losses that result indirectly from a breach of contract.

Lost Profits

Potential earnings that were not realized due to the wrongful acts of another party, frequently sought as damages in legal disputes.

Law of Restitution

A legal principle that requires a party to return or compensate for benefits unjustly received at the expense of another.

Misrepresentation

The act of providing false or misleading information, often to persuade someone to enter into a contract.