Use the Following to Answer Questions

question 50

Multiple Choice

Use the following to answer questions :
A geometric sequence has terms a₃ = 576 and a₆ = 243.
-Find the common ratio r.

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Definitions:

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a certain period.

Strike Price

The set price at which an option contract can be bought (call) or sold (put) when it is exercised.

Underlying Stock

The stock that must be delivered when a derivative contract, like an option or futures contract, is exercised.

Initial Cost

The initial expenditure involved in purchasing an asset or starting a project.