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 58

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 covered call position at an expiration stock price of $20.

• A) $1.85
• B) $4.45
• C) $18.15
• D) $21.85
• E) $24.35

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Definitions:

Crural Region

Pertains to the leg, specifically the area from the knee to the ankle, encompassing the lower limb's anterior and posterior aspects.

Carpal Region

pertains to the area of the wrist that houses the carpal bones.

Sural Region

The sural region pertains to the calf area at the back of the lower leg, commonly referred to when discussing the sural nerve affecting sensation in that area.

Hypogastric Region

Refers to the lower central region of the abdomen, situated below the umbilical region and between the iliac regions.