Across 19: Earnings per share expressed as if all outstanding convertible securities and warrants have been exercised. Down 2: The purchase price of an option. 5: Out of the money describes an option where exercise would not be profitable, 7: A bond with no option features such as cailability or convertibility 10: Purchase of stock combined with a put option that guarantees minimum proceeds equal to the put's exercise price. 12: An equation representing the proper relation between put and call prices. Violation of parity allows arbitrage opportunities. 15: Creating and designing securities with custom tailored characteristics. 17: Use of a firm's call option on a callable convertible bond when the firm knows that bondholders will exercise their option to convert. 19: A European option can be exercised only on the expiration date. Compare with an American option, which can be exercised before, up to, and on its expiration date. 24: An American option can be exercised before and up to its expiration date. Compare with a European option, which can be exercised only on the expiration date. Across 19: Earnings per share expressed as if all outstanding convertible securities and warrants have been exercised. Down 2: The purchase price of an option. 5: Out of the money describes an option where exercise would not be profitable, 7: A bond with no option features such as cailability or convertibility 10: Purchase of stock combined with a put option that guarantees minimum proceeds equal to the put's exercise price. 12: An equation representing the proper relation between put and call prices. Violation of parity allows arbitrage opportunities. 15: Creating and designing securities with custom tailored characteristics. 17: Use of a firm's call option on a callable convertible bond when the firm knows that bondholders will exercise their option to convert. 19: A European option can be exercised only on the expiration date. Compare with an American option, which can be exercised before, up to, and on its expiration date. 24: An American option can be exercised before and up to its expiration date. Compare with a European option, which can be exercised only on the expiration date