Use the Table for the Question(s) Below

question 15

Multiple Choice

Use the table for the question(s) below.
Consider the following information on options from the CBOE for Merck:
-The open interest for a January 2009 put option that is closest to being at-the-money is ________.

• A) 7,174
• B) 982
• C) 319
• D) 8,422

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Definitions:

Utility

The concept of utility refers to the total satisfaction or benefit that a consumer receives from consuming a good or service.

ROI

Return on Investment, a measure used to evaluate the efficiency or profitability of an investment.

Percent

A way of expressing a number as a fraction of 100, symbolized by the percent sign (%).

Costing Approach

A method or strategy used to evaluate the expenses involved in producing a product or service, impacting pricing and budgeting decisions.