Mark Owns Both a March $20 Put and a March

question 10

Multiple Choice

Mark owns both a March $20 put and a March $20 call on Alpha stock. Which one of the following statements correctly relates to Mark's position? Ignore taxes and transaction costs.

• A) A price decrease in Alpha stock will increase the value of Mark's call option.
• B) A March $30 call is worth more than Mark's $20 call.
• C) The time premium on an April $20 put is less than the time premium on Mark's put. (Assume both puts expire in the same calendar year.)
• D) A price increase in Alpha stock from $26 to $28 will increase the value of Mark's put.
• E) If the intrinsic value of Mark's put increases by $1 then the intrinsic value of his call must either decrease by $1 or equal zero.

Understand the importance and methodology of accurate medical coding.

Recognize the anatomical positions and terminology relevant to coding.

Identify the professional ethical guidelines and resources coders must follow.

Understand the impact of coding accuracy on healthcare documentation and billing.

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Definitions:

Insufficient Data

A situation where the amount of data available is not enough to make a reliable analysis, decision, or conclusion.

Intuition

The ability to understand something instinctively, without the need for conscious reasoning.

Reliable Foundations

Strong, dependable bases or principles upon which something, such as an argument, theory, or physical structure, is built.

PowerPoint

A presentation program developed by Microsoft, used for creating slideshows composed of text, graphics, and other objects, which can be displayed on-screen and navigated through by the presenter or printed out on transparencies or slides.