9 The "strike" price of an option is

a.The price which renders the option worthless

b.The profit an investor makes by exercising the option

c.The price an option holder agrees to pay for the security

d.The difference between profit and the security price

10 An example of a Primary Market transaction is

a.New IBM issued bonds and bought directly by investors

b.A local supermarket borrowing funds from a commercial bank to expand

c.The Federal Reserve buying Treasury bonds from individual investors

d.Buying Microsoft stock held by another investor through the NY Stock Exchange