What Is the Option Premium Per Ounce on the June

question 133

Multiple Choice

What is the option premium per ounce on the June 550 call on gold given the following price quotes?
Gold - 100 troy oz.; $ per troy oz.

• A) $5.30
• B) $5.40
• C) $9.10
• D) $9.90
• E) $10.20

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Definitions:

Cool-Mist Vaporizer

A device that adds moisture to the air through the release of cool mist, often used to alleviate congestion or dryness in the respiratory tract.

Hearing Loss

Impairment of the ability to hear, which can vary from mild to profound, affecting one or both ears.

Conductive

Pertaining to the ability to conduct or transmit heat, electricity, or sound through a substance or medium.

Middle Ear

The air-filled central part of the ear between the eardrum and oval window, containing the auditory ossicles that transmit sound vibrations.