The amount paid when entering into an option contract.

(a) fair value hedge
(b) option premium
(c) time value
(d) available-for-sale securities

Ans: (b) option premium

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A property owner obtains a building permit to add a bedroom to her house. Her neighbors notice that the addition will result in a violation of the setback restrictions in the owner's deed. which of the following is the best course of action for any affected neighbors?

a. sue for damages due to the violation b. nothing because the county sanctioned the addition by issuing a building permit c. seek an injunction forcing the owner to tear it down d. ask the county to revoke the building permit

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Which of the following would not be true in the planning and development of a subdivision?

A. Minor streets entering major streets at right angles are proper. B. Short blocks are economical. C. Excessively deep lots are wasteful. D. Sharply angled lots create engineering problems.

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