Jeff Opted to Exercise His August Option on August 10

question 63

Multiple Choice

Jeff opted to exercise his August option on August 10 and received $2,500 in exchange for his shares. Jeff must have owned a (an) :

• A) warrant.
• B) American call.
• C) American put.
• D) European call.

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Definitions:

Double Bonds

Chemical bonds between two atoms involving four bonding electrons instead of the usual two, making compounds more reactive.

Polysaccharide

A carbohydrate consisting of many monosaccharide subunits (e.g., starch, glycogen, and cellulose).

Structurally Complex

Having a composition or architecture that involves multiple, often interconnected or interdependent, parts or elements.

Polymer

A molecule built up from repeating subunits of the same general type (monomers); examples include proteins, nucleic acids, or polysaccharides.