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On February 2, 2007, KNXV-TV (with the help of the Arizona Department of Weights and Measures) reported that three of Subway's "Giant Sub" sandwiches, normally each 3 feet (91 cm) long, were actually only 2 ft 8 in, 2 ft 8 + 1 ⁄ 4 in, and 2 ft 8 + 1 ⁄ 2 in (81, 81.9, and 82.6 cm) long. Under Arizona regulations, objects cannot be more than ...
Put option. In finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the underlying ), at a specified price (the strike ), by (or on) a specified date (the expiry or maturity) to the writer (i.e. seller) of the put.
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