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NEW QUESTION: 1
Consider a stock call option with the following characteristics:
Type of option: call option on stock Underlying asset: 100 shares of Coca Cola stock Exercise price: $60 per share Premium: $1.25 per share Expiration date: November
Let the current market price of Coca Cola stock be $62.75 per share. In this case, the call option:
A. is "out of the money" with an intrinsic value of $2.75
B. is "in the money" with an intrinsic value of $2.75
C. is "out of the money" with an intrinsic value of zero
Answer: B
Explanation:
CT = MAX(0, ST - X) = MAX(0, 62.75 - 60) = MAX (0. 2.75) = 2.75

NEW QUESTION: 2

A. 0
B. 1
C. 2
D. 3
Answer: D
Explanation:
By default, the Cisco IOS software command-line interface (CLI) has two levels of access to commands:
user EXEC mode (level 1) and privileged EXEC mode (level 15). However, you can configure additional levels of access to commands, called privilege levels, to meet the needs of your users while protecting the system from unauthorized access. Up to 16 privilege levels can be configured, from level 0, which is the most restricted level, to level 15, which is the least restricted level.
Source:
http://www.cisco.com/c/en/us/td/docs/ios/12_2/security/configuration/guide/fsecur_c/scfpass.html

NEW QUESTION: 3
If nonrecurring charges are really prior year expenses taken too late, then the practice of ignoring nonrecurring charges and focusing on recurring operating income results in
A. an overestimation of the firm's assets.
B. an underestimation of the firm's assets.
C. an overestimation of the firm's earnings trend.
Answer: C
Explanation:
If nonrecurring charges are really prior year expenses taken too late, then the practice of ignoring nonrecurring charges and focusing on recurring operating income results in an overestimation of the firm's earnings trend.