You own three SPX put options with a strike of 1,850. What is the payoff at maturity for this option contract if the S&P 500 index is 1,862?
A. -$22
B. $0
C. $2,200
D. $22
E. -$2,200
Answer: B
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Officer Tom is executing a validly obtained search warrant in Kathryn's home. The warrant gives him the right to search every room in the house but is limited to a search for automatic weapons and handguns. When he walks into the kitchen, he sees an open box filled with small plastic bags containing small pills. A closer inspection reveals that the pills are ecstasy, an illegal narcotic. May Officer Tom seize the drugs even though the warrant did not include a search for drugs, and would the drugs be admissible in court?
What will be an ideal response?
Conversion to new computer programs must be undertaken using contingency plans to ensure that only authorized, tested, and approved versions of the programs are promoted to production status
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
Bryson Company's western territory's forecasted income statement for the upcoming year is as follows:
Bryson Company's management is considering dropping the western territory. If the company eliminates $196,000 of fixed costs by dropping the segment, the segment should be dropped.
Which of the following is true regarding the Accounting Standards Board (ASB) in the UK?
a. The US has a greater influence on the standard-setting apparatus in the UK than does the European Union. b. ASB board members serve on a part-time basis without salary. c. The Emerging Issues Task Force (EITF) serves both the US and the UK standards-setting boards. d. The ASB issues accounting standards on its own authority.