Examlex
A study of peach trees found that the average number of peaches per tree was 525. The standard deviation of the population is 105 peaches per tree. A scientist wishes to find the 80% confidence interval for the mean number of peaches per tree. How many trees does she need to sample to obtain an average accurate to within 12 peaches per tree?
Conversion Value
The worth of a convertible security if it were converted into the underlying stock at the current market price.
Convertible Bond
A type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value.
In The Money
A term referring to an option contract that has intrinsic value. For call options, this means the underlying asset price is above the strike price, and for put options, it means the underlying asset price is below the strike price.
Call
A stock market option that gives the holder the right to buy shares at a specified price within a specific time period.
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