Exhibit 22 $$\begin{array} { l c c } \text { Strike Price } & \text { Put Price } & \text { Call Price } \\\hline \$ 22.50 & \$ 2.65 & \$ 1.85\end{array}$$

question 19

Multiple Choice

Exhibit 22.8
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the following information on put and call options for a common stock $$\begin{array} { l c c } \text { Strike Price } & \text { Put Price } & \text { Call Price } \\\hline \$ 22.50 & \$ 2.65 & \$ 1.85\end{array}$$
-Refer to Exhibit 22.8. Calculate the payoff of a short straddle at an expiration stock price of $20.

• A)-$4.50
• B)-$2.00
• C)$2.00
• D)$4.50
• E)$20.50

---

Definitions:

Labor-Management Partnerships

Cooperative arrangements between labor unions and employers aimed at improving organizational performance, job security, and working conditions through collaboration.

Working Conditions

Refers to the environment in which an individual works, including aspects like safety, hours, and physical demands.

Labor-Management Relations

The dynamic relationship between employers and employees, including negotiations, conflict resolution, and cooperation.

Workplace Disputes

Conflicts that arise in the work environment related to job duties, employment terms, interpersonal relationships, or organizational policies.