(Answered) Axplain what the following financial terms meana

Finance

A) Explain what the following financial terms mean:

a. Expiration Date

b. Strike or Exercise Price

c. Call Option

d. Put Option

B) What is the long position of an option contract? What is the short position of an option contract?

C) Why are the indirect costs of financial distress likely to be more important than the direct costs of bankruptcy?

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