An investor who "writes" a call option against stock held in his or her portfolio is selling a(n)
A. Straddle option.
B. Put option.
C. Out-of-the-money option.
D. Naked option.
E. Covered option.
Answer: E
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To ensure the primary data they collected about consumer reactions to their product were accurate, the makers of Classic Toiletries hired a single research firm to visit certain cities in various countries. In the past, the company had used mail and telephone surveys by local companies in each country to gather data, but it was concerned about whom these companies were surveying and if they actually fit the demographic and lifestyle profiles of Classic's target market. Classic hired a new research firm to overcome the problem of ________ that can occur when collecting primary data in global markets.
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