Use the Table for the Question(s)below

question 42

Essay

Use the table for the question(s)below.
Consider the following information on options from the CBOE for Merck:
-You have decided to buy ten January 2009 call options on Merck with an exercise price of $45 per share.How much will this transaction cost and are these contracts in or out of the money?

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Definitions:

Resolute

Demonstrating firm determination or unwavering resolve in attitude, purpose, or action.

Humble

Demonstrating a modest or low view of one's own importance; not arrogant or prideful.

Ambitious

Having a strong desire for success, achievement, or distinction, often requiring determination and hard work.

High-Power People

Individuals who hold authority, control, or influence over others within a social or organizational context.