Exhibit 22 $$\begin{array} { c c c } \text { otrike Price } & \text { Put Price } & \text { Call Price } \\\hline\$ 32.50 & \$2.85 & \$1.65\end{array}$$

question 61

Multiple Choice

Exhibit 22.4
Use the Information Below for the Following Problem(S)
Consider the following information on put and call options for Citigroup
$$\begin{array} { c c c } \text { otrike Price } & \text { Put Price } & \text { Call Price } \\\hline\$ 32.50 & \$2.85 & \$1.65\end{array}$$
-Refer to Exhibit 22.4.A protective put is an appropriate strategy if

• A) An investor wishes to generate additional income.
• B) An investor wished to insure against a decline in share values.
• C) An investor expected share prices to be volatile.
• D) An investor expected share prices to remain in a trading range.
• E) An investor expected share prices to be volatile, but was inclined to be bullish.

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Definitions:

Medicare Patients

Individuals who are covered under Medicare, a federal health insurance program primarily for people who are 65 or older, as well as for some younger people with disabilities.

CPT

Current Procedural Terminology, a set of medical codes used to describe diagnostics, treatments, and procedures for billing purposes.

ICD-9-CM

An outdated system used in the United States for classifying and coding diagnoses, symptoms, and procedures recorded in conjunction with hospital care, replaced by ICD-10-CM.

ICD-10-CM

ICD-10-CM stands for International Classification of Diseases, 10th Revision, Clinical Modification, a coding system used for diagnosing and classifying diseases.