The answer to the given question about Texas Insurance in Texas instruments stock of $79, your profit would be : Profit = 100[(79 − 75)] − 8.50 + 6] = $150
A tool used to convey, perform, or hold something of value is known as an instrument. An instrument is a tradable asset or a negotiable item in the financial sector, such as a security, commodity, derivative, index, or anything that forms the foundation for a derivative.
In some contexts, the term "instrument" refers to a variable in the economy that can be controlled or altered by decision-makers at the federal or state levels of government to influence changes in other economic metrics. As examples of legal documents that can be mentioned, a contract, a will, or a deed can be given. An item that can be exchanged or negotiated is referred to as a financial instrument.
There may be legally obligatory provisions in legal instruments, including rights and/or obligations.
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