Last Week, You Purchased a Call Option on a Stock

question 6

Multiple Choice

Last week, you purchased a call option on a stock with a strike price of $35. The stock price was $33.30 and the option price was $.35 at that time. What is the current intrinsic value per share if the stock is now selling at $36.60 a share?

• A) $1.25
• B) $1.95
• C) $1.60
• D) −$3.30
• E) $0

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Definitions:

Functionalist View

A theoretical perspective in sociology that sees society as a complex system whose parts work together to promote solidarity and stability.

Social Change

Transformations in societal norms, values, structures, and behaviors over time, often resulting from collective actions, technological advancements, or environmental factors.

Religiosity

The intensity of an individual's religious beliefs or the extent of their participation in religious activities, which can vary greatly among individuals and cultures.

Sociologists

Professionals who study human social behavior, patterns, and structures in societies to understand how they affect individual behaviors and interactions.