Exhibit 22.7 Use the Information Below for the Following Problem(S)

question 54

Multiple Choice

Exhibit 22.7
Use the Information Below for the Following Problem(S)
GE Corporation has a put option selling for $2.90 and a call option selling for $1.95, both with a strike price of $29.00.
-Refer to Exhibit 22.7.What would the net value of a protective put position be if the stock price at expiration is $35?

• A) $3.10
• B) $30.15
• C) $32.10
• D) $34.05
• E) $35.00

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Definitions:

Openness To Experience

A personality trait that features an individual's willingness to try new activities, engage in creative endeavors, and embrace novel ideas.

Agreeableness

A personality trait characterized by empathy, kindness, and cooperation.

Acts Of Aggression

Behaviors or actions taken with the intent to harm or injure another person, either physically or psychologically.

Disagreeable People

Individuals who often demonstrate characteristics such as being uncooperative, skeptical, or antagonistic towards others.