The buyer of a put option on Boeing with a strike price of $75 and an expiration date in November 2003 has the
A) right to buy 100 shares of Boeing at $75 on or before November 1999.
B) right to sell 100 shares of Boeing at $75 on or before November 1999.
C) right to buy 100 shares of Boeing at $75 on or after November 1999.
D) right to sell 100 shares of Boeing at $75 on or after November 1999.
B
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An economy is said to be saving lives efficiently
a. if the number of lives saved increases each year b. whenever the cost of saving lives is decreasing c. if it is operating on its production possibilities frontier d. if more resources are devoted to saving lives than to any other activity e. if fewer resources are devoted to saving lives than to any other activity
Whenever a society forgoes current consumption to invest in capital goods,
A) the less the society can consume next year. B) the easier it will be for the society to consume less in the future because people will become accustomed to less. C) the more the society can consume in the future. D) the less capital the society can produce in the future.