Use the Table for the Question(s)below

question 11

Essay

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?

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Definitions:

Lost Profits

Financial losses incurred due to the interruption of normal business operations or activities, often recovered through legal claims.

Alternative Provision

A term often used in education, referring to different educational settings or programs provided for students who are unable to thrive in a conventional school environment.

Bush Pilot

A pilot who operates aircraft in remote, undeveloped regions, often dealing with challenging terrain and unimproved airstrips.

Helicopter

A type of rotorcraft in which lift and thrust are supplied by rotors, allowing it to take off and land vertically, hover, and fly forward, backward, and laterally.