"High Horse Power,poor Steering," Is a Common Phrase Describing Adolescent

question 3

Multiple Choice

"High horse power,poor steering," is a common phrase describing adolescent brain maturity.Which of the following behaviors best illustrates the meaning behind this saying?

• A)Hansen had never skipped class before,but decided it was worth skipping to spend the day on the lake with two buddies.
• B)Sophie studied harder and longer than usual and really wanted to ace the chemistry test,but she didn't study the lab material.
• C)Carrington studied every day for the physics exam and felt good about his preparation,but his anxiety overwhelmed him when he started taking the test.
• D)DeLinda wanted to go to the football game on Friday night,but she decided to go to a movie with her dad instead.

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Definitions:

Strike Price

The predetermined price at which the holder of an option can buy (call) or sell (put) the underlying asset.

Market Price

The current price at which an asset or service can be bought or sold.

Delta

In finance, delta represents the rate of change of an option's price with respect to the change in the underlying asset's price.

Gamma

A measure of the rate of change in an option's delta for a one-unit change in the price of the underlying asset, indicating the convexity of an option's value relative to the underlying.