17) Only capital gains that have been realized should be included in the measurement of a portfolio's return over a given period of time.

17) ______

18) Over a period of time if an investment has not met its return objective, it should be sold. 18) ______

19) Options are created by investors.

19) ______

20) Puts and calls are issued by the same corporation that issued the underlying stock. 20) ______

21) The owner of a put is obliged to sell the underlying security at the strike price on the date of

expiration.

21) ______

22) The party that accepts the legal obligation to stand behind the option is the buyer of the contract.

22) ______

23) The buyer of a put expects the price of the underlying stock to rise.

23) ______

24) A put option has a strike price of $32. The current price of the stock is $34. The put option is

said to be "in-the-money."

24) ______