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

question 16

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 $$\begin{array} { l c c } \text { Strike Price } & \text { Put Price } & \text { Call Price } \\\hline \$ 32.50 & \$ 2.85 & \$ 1.65\end{array}$$
-Refer to Exhibit 22.4. Calculate the net value of a covered call position at a stock price at expiration of $20, and a stock price at expiration of $45.

• A)$6.35, $18.85
• B)$29.65, $42.15
• C)$21.65, $34.15
• D)$8, $8
• E)-$8, -$8

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Definitions:

ATP

Adenosine triphosphate, a molecule that carries energy within cells for metabolism.

Energy Currency

ATP (adenosine triphosphate), a molecule that stores and transfers energy within cells, making it possible for cells to perform their functions.

Macromolecules

Large molecules necessary for life, including proteins, nucleic acids, carbohydrates, and lipids.

Transistors

Semiconductor devices used to amplify or switch electronic signals and electrical power.