________ Options Allow the Holder to Exercise the Option on Any

question 62

Multiple Choice

________ options allow the holder to exercise the option on any date up to and including the expiration date.

• A)European
• B)American
• C)Preference
• D)None of the above.

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Definitions:

Incremental Effect

The impact of a particular decision on a company's finances, considering only the changes that directly result from the decision.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Fixed Expenses

Costs that do not change in total regardless of changes in the level of business activity or volume.

Annual Cash Inflow

The total amount of money being received into a business from all sources over the course of a year.