Which of the following phrases is used to describe an option where immediate exercise results in a positive payoff?
A)
At-the-money
B)
In-the-money
C)
Near-the-money
D)
Out-of-the-money
Answer:
B
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In order to evaluate a company's gross profit ratio,
a. the ratio should be compared with other companies in the same industry. b. the ratio should be compared with those of both prior years and competitors. c. the ratio should be compared with forecasted financial statements. d. the ratio should be compared with those of prior years.
In applying classical variables sampling, an auditor attempts to:
A. estimate a qualitative characteristic of interest. B. predict a monetary population value within a range of precision. C. discover at least one instance of a critical deviation. D. determine various rates of occurrence for specified attributes.
Asymmetric-key encryption uses which of the following techniques to allow users to communicate securely?
A. A 16-bit encryption key. B. A message digest. C. A digital signature. D. A public key and a private key.
Four hundred people were asked whether gun laws should be more stringent. Three hundred said "yes," and 100 said "no". The point estimate of the proportion in the population who will respond "no" is
A. 75. B. 0.25. C. 0.75. D. 0.50.