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In Fig. Img_015, a patient enters the emergency department after she fell. The emergency department physician determined that she tore a tissue in her leg. The following photomicrograph shows the torn tissue. What did this patient tear?
Expiration
In finance, expiration refers to the date on which a derivative contract (such as options or futures) ceases to exist and settles between the contracting parties.
Arbitrage Opportunity
The chance to buy an asset at a low price in one market and simultaneously sell it at a higher price in another, realizing a profit with no risk.
American Call Option
An American call option is a financial contract that gives the holder the right, but not the obligation, to buy an asset at a specified price before the option expires.
Exercise Price
The specified price at which the option holder can buy or sell the underlying asset in options trading.
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