Julie opted to exercise her August option on June 20th and as a result received $2,500 for the sale of her shares

Julie opted to exercise her August option on June 20th and as a result received $2,500 for the sale of her shares. Which one of the following did Julie own?    A.  warrant B.  American call C.  American put D.  European call E.  European put Refer to section 24.1

25.	Josh opted to exercise his January option at the end of December and paid $3,250 at that time to acquire 100 shares of stock. Which one of the following did Josh own?    A.  American call B.  American put C.  European call D.  European put E.  European convertible bond Refer to section 24.1

26.

Steve owns an option which grants him the right to purchase shares of Lokier Tool stock at a price of $45 a share. Currently, the stock is selling for $52.40 a share. Steve would like to realize his profits but is not permitted to exercise the option for another two weeks. Which one of the following does Steve own?    A.  straight bond B.  American call C.  American put D.  European call E.  European put Refer to section 24.1

27.

What is the primary difference between an American call option and a European call option?    A.  The American call has a fixed strike price while the European strike price varies over time. B.  An American call is a right to buy while a European call is an obligation to buy. C.  An American call has an expiration date while the European call does not. D.  An American call is written on 100 shares of the underlying security while the European call covers 1,000 shares. E.  An American call can be exercised at any time up to the expiration date while the European call can only be exercised on the expiration date. Refer to section 24.1