Use the Table for the Question(s)below

question 28

Multiple Choice

Use the table for the question(s) below.
Consider the following information on options from the CBOE for Merck:
-Assume you want to buy one option contract with an exercise price closest to being at-the-money and that expires January 2009.The current price that you would have to pay for such a contract is:

• A)$680.
• B)$380.
• C)$650.
• D)$420.

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Counselor's Education

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The process of thinking deeply or carefully about something.

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Restating text or passage in one's own words, differing from the original version but preserving the essential meaning.