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:

Financial Statements

Documents that present the financial activities and condition of a business, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Liabilities

Financial obligations owed by a business to others, such as loans, accounts payable, mortgages, and other debts.

Local Bank

A financial institution that operates within a limited geographic area, typically providing banking services to individuals and businesses in its community.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but retained for reinvestment in the business or to pay debt.