Offsetting an Over-The-Counter Option Contract Cancels Both Contracts

question 56

True/False

Offsetting an over-the-counter option contract cancels both contracts.

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Definitions:

Microsporocytes

Cells that undergo meiosis to produce microspores, which eventually develop into male gametophytes in plants.

Meiosis

A type of cell division that reduces the number of chromosomes by half, resulting in the production of gametes or spores.

Microspores

Small spores that develop into male gametophytes in plants, such as pollen grains in angiosperms.

Pollen Grains

Male gametophytes of seed plants, which are responsible for the transfer of male genetic material during the process of pollination.