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In a survey of the dining preferences of 110 dormitory students at the end of the spring semester, the following facts were discovered about Adam's Lunch AL, Pizza Tower PT, and the Dining Hall DH. liked AL but not PT liked AL only
liked AL
liked PT
liked DH
liked PT and AL but not DH
liked PT and DH
How many liked PT or DH?
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a set price within a specified time.
Strike Price
The rate at which an option's owner has the right to purchase (for a call option) or offload (for a put option) the underlying asset or commodity.
Market Price
The current price at which an asset or service can be bought or sold.
Put Option
A financial derivative that gives the holder the right, but not the obligation, to sell a specified quantity of an underlying asset at a set price within a specified time.
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