Use the Following Information for Questions

question 52

Multiple Choice

Use the following information for questions.
On April 1, 2017, Gamma Corp.purchases a call option for $500, which gives Gamma the right to buy 1,000 shares of Delta Inc.for $30 each until December 1, 2017.Delta Inc.shares are currently trading for $30.At June 30, 2017, the options are trading at $4,800 and the shares at $32 each.At December 1, 2017, the options expire with no value.
-The intrinsic value of the option at April 1, 2017 is

• A)$ 0.
• B)$ 500.
• C)$1,000.
• D)$4,800.

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Definitions:

Social Status

The position or rank of a person or group within the social hierarchy.

Environmental Factor

Any external influence, including social, cultural, and physical environments, that can affect an individual’s development and behavior.

Self-Selection

The process by which individuals choose themselves into a group or situation based on their own preferences or attributes, potentially leading to non-random sampling.

Epigenetics

The study of heritable changes in gene expression that do not involve changes to the underlying DNA sequence.