b. Options have a unique set of terminology. Define the following terms: (1) Call option (2) Put
Question:
b. Options have a unique set of terminology. Define the following terms:
(1) Call option
(2) Put option
(3) Strike price or exercise price
(4) Expiration date
(5) Exercise value
(6) Option price
(7) Time value
(8) Writing an option
(9) Covered option
(10) Naked option
(11) In-the-money call
(12) Out-of-the-money call
(13) LEAPS
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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