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NEW QUESTION: 1
In mid-September, the stock of Oracle (ORCL) is selling for $25.60 a share. Ms. Hedge owns shares of
Oracle and buys a put option on the stock with a strike price of $27 that expires in October for $2.20 per
optioned share. Just prior to expiration, Oracle's stock is selling for $29. Ms. Hedge should:
A. exercise her option and buy more shares of Oracle for $27 a share.
B. exercise her option and sell Oracle for $27 a share.
C. let her option expire worthless.
D. exercise her option and sell Oracle for $29 a share.
Answer: C
Explanation:
If Ms. Hedge owns a put option on Oracle with a strike price of $27 and Oracle's price is $29
just prior to expiration, she should let her option expire worthless. Her put option gives her the right to sell
Oracle for $27. If she wants to sell her existing shares of Oracle, she is better off doing so on the open
market and receiving $29 a share for them.

NEW QUESTION: 2
Which of the following statements hold true for bid price?
A. It is the price asked by the seller of securities from buyers
B. It is the price at which broker is willing to sell a certain security
C. It is the price at which investor can buy units from the funded company
D. It is the price at which broker is willing to buy a certain security
Answer: D

NEW QUESTION: 3
企業の環境要因はどれですか？
A. 以前のプロジェクトから学んだ教訓
B. 市場の状況
C. ポリシーと手順
D. 以前のプロジェクトのプロジェクトファイル
Answer: B