Brad purchased an option that he can only exercise on the final day of the option period. Which type of option did he purchase? A) European B) Inflexible C) Dated D) American E) Pointed Elizabeth owns a call option on 100 shares of Microsoft stock. She has decided to buy those shares. This purchase is commonly referred to as: A) Exercising the option. B) Striking the asset. C) Putting the collar. D) Expiring the option. E) The collar option. Marti owns an option that allows him to purchase ABC stock at $50 a share. The $50 price is referred to as the: A) Market price. B) Time value. C) Strike price. D) Intrinsic value. E) Opening price. Which one of the following statements is correct concerning taxes and leasing? A) The lessee should be the party with the higher tax bracket. B) If a firm has significant net operating losses, it should be the lessor in a lease. C) You should only lease an asset if the lease will be fully amortized. D) Tax reduction is a legitimate reason for leasing E) Generally speaking, lessors tend to benefit from leases while lessees do not