A Call Option Was Purchased Last Month for $2

question 53

Multiple Choice

A call option was purchased last month for $2.50 with an exercise price of $45. The option is exercised when the market price of the stock is $48. What is the net profit or loss to the investor?

• A) $3.00
• B) $2.50
• C) $0.50
• D) $0.60

Understand the concept and types of privileged information in the legal system.

Gain knowledge on the requirements and procedural aspects of the initial disclosures under the Federal Rules of Civil Procedure (FRCP).

Comprehend the purposes and processes involved in the discovery phase of litigation.

Learn the specifics of depositions, including the requirement for an official transcript.

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Definitions:

Money

Any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

Issued

Issued generally refers to the official distribution or release of items such as documents, currency, or securities by an authoritative entity.

Declared

Stated or made known officially or publicly.

Unit Of Account

A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.