A Share Option Is an Instrument That Gives the Holder

question 23

Multiple Choice

A share option is an instrument that gives the holder the right but not the obligation to:

• A)buy a certain number of shares in the company by a specified date at a stipulated price.
• B)sell a certain number of shares in the company by a specified date at a stipulated price.
• C)receive a certain dividend declared by the company by a specified date.
• D)receive a bonus issue of shares in a proportion as notified by the company.

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Definitions:

Aerial Photograph

A photograph taken from the air, such as a photograph taken by a camera mounted in an aircraft.

Braided Stream

A type of river characterized by a network of river channels separated by small, often temporary, islands called braid bars.

Interconnected Rivulets

Networks of small streams that flow into one another, often contributing to the drainage system of a larger watershed.

Sediment Load

The total volume or mass of sediment being transported by flowing water, such as a river or stream, which can affect its velocity, erosion potential, and deposition patterns.