Exhibit 22 -Refer to Exhibit 22

question 26

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 strip using the options with a 95 exercise price,what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

• A) $256.25 loss
• B) $256.25 gain
• C) $925.00 loss
• D) $668.75 gain
• E) $668.75 loss

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Definitions:

Cost Overstate

The action of reporting or estimating a cost to be higher than it actually is.

Job Satisfaction

A measure of how content an individual is with their job; it can affect productivity, turnover, and overall workplace harmony.

Voice Mechanism

A method through which employees can express concerns, offer suggestions, or provide feedback within an organization to improve conditions or address issues.

Exit Mechanism

Strategies or processes that allow investors or business owners to withdraw from an investment or business operation, often seen in the context of startups or financial markets.