Question

A _______ gives its holder the right to sell an asset for a specified exercise price on or before a specified expiration date. multiple choice
a. futures contract
b. interest rate swap
c. put option
d. call option

Answer 1

A put option gives its holder the right to sell an asset for a specified exercise price on or before a specified expiration date.

What is an asset?

Assets are any resources that a company or other economic entity owns or has control over in financial accounting. Anything (tangible or intangible) that has the potential to generate positive economic value qualifies. When turned into money, assets indicate the worth of ownership (although cash itself is also considered an asset). A company's assets are valued in dollars and are listed on its balance sheet. Money and other valuables that belong to a person or a company are covered.

Both tangible and intangible assets can be categorized into major asset classes.

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