Exhibit 14-1 THE FOLLOWING INFORMATION IS FOR THE NEXT PROBLEM(S)

question 36

Multiple Choice

Exhibit 14-1
THE FOLLOWING INFORMATION IS FOR THE NEXT PROBLEM(S)
A stock currently trades for $130 per share. Options on the stock are available with a strike price of $125. The options expire in 10 days. The risk free rate is 3% over this time period, and the expected volatility is 0.35.
-Refer to Exhibit 14-1. Calculate the price of the put option.

• A) $1.086
• B) $0.862
• C) $6.234
• D) $0.623
• E) $2.317

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Definitions:

OB Theories

Theories in organizational behavior that examine the behavior of individuals and groups within organizations and how this affects organizational effectiveness.

Cultural Intelligence

The capability to relate and work effectively across cultures.

Loose Cultures

Cultures characterized by flexible norms and behavior, where deviation from the norm is more tolerated compared to tight cultures.

Cultural Missteps

Refers to errors or inappropriate actions taken in a cultural context, often due to a lack of knowledge or understanding of the local customs and norms.