Bob's DJIA Index Call Option Had a Strike Price of 181.When

question 28

Multiple Choice

Bob's DJIA Index call option had a strike price of 181.When he exercised the option, the Dow was at 18,350.

• A)Bob received $2,500 from the writer of the contract.
• B)Bob paid $250 to the writer of the contract.
• C)Bob received $250 from the writer of the contract.
• D)Bob paid $2,500 to the writer of the contract.

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Definitions:

Housework

Domestic tasks and chores such as cleaning, cooking, and maintaining a home, traditionally undertaken without formal economic compensation.

Marital Disruption

Any disturbance or dissolution of a marriage, including separation, divorce, and annulment that interrupts the marital relationship.

Marital Disruption

The process or event leading to the ending of a marriage or a significant change that negatively impacts the relationship between married partners.

Divorce

The legal dissolution of a marriage by a court or another competent body.