What is the intrinsic value of a call with a strike price of $40 a market price of $44? The call's ask price $540

A) -$400
B) -$140
C) $940
D) $400

Answer: D

Business

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A listing agent gave the buyer an amendment to the Transfer Disclosure Statement. The buyer may:

a. terminate the sale b. ask for more information prior to being obligated c. sue for punitive damages d. None of the above

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In order to avoid a real estate commission, a buyer and seller agree to wait until after the listing before entering into a sales contract. Could the listing broker be awarded a commission by courts?

A. Yes, if the broker could prove collusion. B. Yes, but the fee would be subject to negotiation. C. No, the listing expired. D. No, the closing would occur after the listing period.

Business