Julie Opted to Exercise Her August Option on June 20^th

question 105

Multiple Choice

Julie opted to exercise her August option on June 20^th and as a result received $2,500 for the sale of her shares.Which one of the following did Julie own?

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

---

Definitions:

Analogical Thinking

A cognitive process of transferring information or meaning from a particular subject to another based on their similarity.

Metaphorical Thinking

A cognitive process that uses metaphor or symbolic comparison to understand and conceptualize complex ideas or phenomena by relating them to familiar objects or concepts.

Creativity

The ability to produce original and valuable ideas or solutions by thinking beyond established patterns or perspectives.

Incubation

Unconscious processing that works on a specific problem while the mind is otherwise occupied.