The right to sell 100 shares of a specified stock at a specified price by a specified expiration date is called a
A) call option.
B) put option.
C) divestment option.
D) sell option.
Answer: B
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Curtis, without authorization and after many unsuccessful attempts to access the information, downloads a formula used by his employer to make an award-winning product. He plans to sell the formula to a competitor and make enough money to retire. Instead, he may face:
a. a fine of up to $500,000 or imprisonment for up to ten years. b. a fine of up to $1 million or imprisonment for up to twenty years. c. a fine in the amount determined to be the employer's potential loss. d. imprisonment for up to fifty years.
In interpreting the Harmonized Tariff Schedule, the courts will look at the common and commercial meaning of the items being imported
Indicate whether the statement is true or false