Suppose You Purchase One WFM May 100 Call Contract at $5

question 91

Multiple Choice

Suppose you purchase one WFM May 100 call contract at $5 and write one WFM May 105 call contract at $2. What is the lowest stock price at which you can break even?

• A) $101
• B) $102
• C) $103
• D) $104
• E) None of the options are correct.

---

Definitions:

Creative Design

The process of using imagination and creativity to produce original and innovative designs for a wide range of applications.

Headline

In an advertisement, large type designed to draw attention.

Puffery

A promotional statement or claim that is subjective, exaggerating the virtues of a product or service, without intending to be taken literally.

Body Copy

The main text portion of an ad.