Suppose I want to buy a laptop for $500. I sell a legally enforceable certificate for $10
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Question:
Suppose I want to buy a laptop for $500. I sell a legally enforceable certificate for $10 which gives the buyer of the certificate the right to sell a laptop for $500 three months from today.
In terms of derivative terminology, what is my position? What is the certificate buyer’s position?
Related Book For
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073398242
11th edition
Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self
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