A master budget consists of a set of operating budgets and a set of financial budgets for a specific accounting period

Global interdependence creates demands on international managers to take a positive stance on issues of social responsibility and ethical behavior

Indicate whether the statement is true or false

What is the fundamental value of a put contract with a strike price of $25 when the option price is $1.50 and the underlying common stock sells for $26?

A) $150 B) $100 C) $0.00 D) -$100