1. A Put-Buy is the selling the right to buy the underlying item from you at the strike price until the expiration date. Known as writing a call.
A. True
B. True
2. A Call Option is a right (not obligation) to purchase a stock at a predetermined price (exercise/strike price) before or on the date specified (maturity date).
A. True
B. False
3. Trade-in allowance is the current market value offered by the vendor to establish salvage value on the cash flow statement.
A. True
B. False