Underlying Stock Price: 45

question 324

Multiple Choice

Underlying stock price: 45.80 Suppose you bought 10 Glaxo Oct 45 call contracts. Just before the option expires, the stock is selling for $50. What is your net profit (or loss) ? Ignore transaction costs.

• A) -$220.
• B) $1,200.00
• C) $1,600.00
• D) $2,200.00
• E) $5,000.00

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Definitions:

Social Characteristic

Traits that define the social aspects of individuals or groups, including cultural, ethnic, and community identity, practices, and norms.

Agricultural Irrigation

The artificial application of water to land or soil to assist in the growing of agricultural crops and the maintenance of landscapes during periods of inadequate rainfall.

Northern European Ancestry

Individuals whose lineage can be traced back to the regions of Northern Europe, including countries like the United Kingdom, Scandinavia, and Germany.

Prior Appropriation

A principle of water rights that allocates the rights to use water from a river or stream to the first person or entity to take water for a beneficial use.