Your company is planning to borrow $1,000,000 on a 5-year, 15%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal?

Roselle paid $250 to buy one put option with a strike price of $35. What is the maximum profit Roselle can earn on her option contract?

A) $100 B) $350 C) $3,250 D) Her profit potential is unlimited.

A protocol

a. is a manufacturer's strategy for interconnecting its equipment b. is a set of detailed rules for communicating c. applies only to computers on a network d. is never proprietary