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

question 40

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
$$\begin{array} { c c c } \text { Wtrike Price } & \text { Put Price } & \text { Call Price } \\\hline \$22.50 &\$ 2.65 & \$ 1.85\end{array}$$
-Refer to Exhibit 22.8.Calculate the net value of a protective put position at an expiration stock price of $20.

• A) $2.85
• B) $17.15
• C) $19.85
• D) $21.65
• E) $22.85

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Definitions:

External Supply

The amount of resources or inputs (such as labor or raw materials) that an organization can obtain from the external environment.

Labour Relations

The study and practice of managing the relationship between employers and employees, including negotiation of collective bargaining agreements.

Regulatory Bodies

Organizations or agencies created to enforce compliance with laws, regulations, and standards in various industries.

HR Supply Analysis

An evaluation of the current workforce in an organization to determine if the number of employees, as well as their skills, are sufficient to meet current and future needs.