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 102

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 long straddle 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:

Book Lungs

Respiration organs found in arachnids, such as spiders and scorpions, consisting of stacked plates resembling the pages of a book.

Parabronchi

Tubular structures in the lungs of birds that permit air to pass through the lungs in one direction, facilitating efficient gas exchange.

Desiccation

The process of drying out or dehydrating, often leading to extreme dryness.

Metabolic Cost

The energy expenditure required to maintain bodily functions and activities, including growth, reproduction, and survival mechanisms.