Underlying Stock Price: 45

question 271

Multiple Choice

Underlying stock price: 45.80 How much would you pay for the right to buy 100 shares of Glaxo stock for $47.50 on or before the 3^rd Friday in February?

• A) $150
• B) $230
• C) $500
• D) $580
• E) $700

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Definitions:

Triplet Codes

Sequences of three nucleotides on DNA or RNA that code for specific amino acids, fundamental to the genetic code and protein synthesis.

Codon Sequences

Specific sequences of three nucleotides in mRNA that specify particular amino acids during the translation process of protein synthesis.

Codons

Sequences of three nucleotides in mRNA that specify the addition of a particular amino acid into a polypeptide chain during protein synthesis or signal the termination of protein synthesis.

Amino Acids

The basic building blocks of proteins, consisting of a central carbon atom, an amino group, a carboxyl group, and a unique side chain.