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

question 9

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 covered call position be if the stock price at expiration is $35?

• A) $29.00
• B) $30.65
• C) $33.55
• D) $36.00
• E) $36.65

---

Definitions:

Real Suffering

Genuine or authentic experience of discomfort, pain, or distress, either physical or psychological, often implying a deep and tangible impact on an individual.

Voltaire

A pseudonym for François-Marie Arouet, an Enlightenment writer, historian, and philosopher famous for his advocacy of freedom of speech, religious tolerance, and separation of church and state.

Ontological Argument

An argument (or set of arguments) that tries to prove the existence of God from the very concept of “God.” For example: God, by definition, is that Being with all possible perfection; existence is a perfection; therefore God exists.

Akhnaton

An ancient Egyptian pharaoh of the Eighteenth Dynasty who is noted for attempting to institute a monotheistic worship of the sun disk Aten.