Changing the F-Number of a Camera by Three Stops by Going

question 36

Multiple Choice

Changing the f-number of a camera by three stops by going from f/11 to f/32 will change the intensity of the light hitting the film by a factor of

• A)8.
• B)4.
• C)1/4.
• D)1/8.
• E)​32.

Analyze the payoff from different options strategies, including writing calls and puts.

Calculate the profit or loss from executing options contracts.

Understand the concept of in-the-money, at-the-money, and out-of-the-money options.

Apply the Black-Scholes Option Pricing Model in valuing options.

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