A long put position
A) has a value of zero if the stock price is below the exercise price.
B) has a value equal to the stock price minus the exercise price if the stock price is above the exercise price.
C) has a value of zero if the stock price at the time of purchase exceeds the expected stock price at option expiration.
D) has a value equal to the exercise price minus the stock price if the stock price is below the exercise price.
D
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When an economy is at full employment, the unemployment rate is zero percent
Indicate whether the statement is true or false
In the above figure, the intersection of curves A and B is the point at which
A) average total cost is minimized. B) average variable cost is minimized. C) average fixed cost is minimized. D) total product is maximized.
In terms of GDP, which of the following is an example of a final good?
a. rubber used to make automobile tires b. a tomato ready to be sold at a farmer’ s market c. tungsten mined to Utah d. oil drilled in the Gulf of Mexico
What happens to the amount of funds supplied to the loanable funds market when the interest rate decreases?
a) The amount of loanable funds supplied decreases. b) The amount of loanable funds supplied increases. c) The amount of loanable funds supplied stays the same. d) The amount of loanable funds supplied falls to zero when the interest rate decreases