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

question 100

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  Strike Price  Put Price  Call Price $32.50$2.85$1.65\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 protective put position at a stock price at expiration of $20, and a stock price at expiration of $45.

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