Exhibit 22 -Refer to Exhibit 22

question 8

Multiple Choice

Exhibit 22.2
Use the Information Below for the Following Problem(S)
$$\begin{array} { c} &&\text{XYZ CORP}\\ & \quad\quad\quad\quad \text { Exercise } & & \quad\quad\quad\quad\quad\quad { \text { NYSE } } \\& \text { Date } & \text { Price } & \text { Price } & \text { Clase } \\\hline \text { Calls } & \text { OCT } & 85 & 163 / 4 & 101\quad11 / 16 \\& \text { OCT } & 90 & 12 & 101\quad11 / 16 \\& \text { OCT } & 95 & 75 / 8 & 101\quad11 / 16 \\\text { Puts } & \text { OCT } & 85 & 1 / 8 & 101\quad11 / 16 \\& \text { OCT } & 90 & 3 / 8 & 101\quad11 / 16 \\& \text { OCT } & 95 & 13 / 16 & 101\quad11 / 16\end{array}$$
-Refer to Exhibit 22.2.If you establish a long strap using the options with an 85 exercise price,what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

• A) $1,687.50 loss
• B) $3,362.50 loss
• C) $3,675.50 gain
• D) $13.00 gain
• E) $13.00 loss

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Definitions:

Mainstream Media

Media outlets, such as newspapers, television, and radio stations, that reach a large audience and are considered to be a primary source of news and information.

Within

Within pertains to being inside or enclosed by a boundary or space, often used to specify a location or framework.

Newsrooms

Newsrooms are dynamic environments where journalists and editors gather, process, and disseminate news content to the public through various media outlets.

Diversity

The inclusion and representation of various demographic backgrounds, cultures, perspectives, and ideas within a group, organization, or society.