Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'observed best value'?

A. price at which something first trades at the start of a trading day
B. price for a given security at some point between the opening and official closing price on an exchange
C. current market price of an option contract
D. observed value of the underlying asset as of some date during the lookback period that is considered the best value from the perspective of the option holder during the lookback period (depending on whether the option is a call or put)

Answer: observed value of the underlying asset as of some date during the lookback period that is considered the best value from the perspective of the option holder during the lookback period (depending on whether the option is a call or put)