Corporations often sell, or exchange for goods and services, various call options on their shares. Which of the following is/are not true?
a. A call option gives the holder the right to acquire shares of common stock at a fixed or determinable price, called the strike price or exercise price.
b. If the market price of the shares increases above the exercise price, the holder of the option can benefit by exercising the option to purchase shares.
c. The excess of the market price over the exercise price is the option's intrinsic value.
d. Many firms pay part of the compensation of some employees by issuing call options on their own shares referring to these arrangements as employee stock options (ESOs).
e. none of the above
E
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Parido Corporation has two manufacturing departments--Casting and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 8,000 2,000 10,000Estimated total fixed manufacturing overhead cost$44,000$4,200$48,200Estimated variable manufacturing overhead cost per MH$1.90$3.00 During the most recent month, the company started and completed two jobs--Job A and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job AJob HCasting machine-hours 5,400 2,600Assembly machine-hours 800 1,200 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead
applied to Job H is closest to: A. $18,044 B. $26,372 C. $18,316 D. $8,328
In the settlement process, the systems must determine whether a buyer's card is active and whether the cardholder has sufficient funds available for the purchase
Indicate whether the statement is true or false
Which of the following is a reason why CAPTCHA may no longer be widespread?
A) technological developments leading to expert systems mimicking the reasoning of human experts B) technology that makes images fuzzy and fonts irregular so that bots and humans have equal difficulty deciphering them C) technology that can discriminate between the mouse movements and keystrokes of bots and humans D) the taking over of artificial intelligence by intelligent agents
Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Greg's return on his investment?
A) -87.50% B) -113.75% C) -100.62% D) -96.25%