Assume S = $53, K = 50, div = 0, r = 0.03, ? = 0.30, and 100 days until expiration. What is the premium on a knock-in put option with an up-and-in barrier of $55?

Deregulation involves prohibiting private enterprises from operating in most sectors of the economy.

a. true b. false

In real estate finance, the term "impounds" refers to:

A. penalties B. attachments C. escrow fees D. reserves