Senior officers often have an additional code of ethics

A life tenant may not mortgage the property in which he has a life estate

Indicate whether the statement is true or false

The spot price of the market index is $900. After 3 months the market index is priced at $915. The annual rate of interest on treasuries is 2.4% (0.2% per month). The premium on the long put, with an exercise price of $930, is $8.00

Calculate the profit or loss to the short put position if the final index price is $915. A) $15.00 gain B) $15.00 loss C) $6.95 gain D) $6.95 loss