Use These Option Quotes for JL Stock to Answer This

question 75

Multiple Choice

Use these option quotes for JL stock to answer this question:
$$\begin{array} {cccccccc } \text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \\47.50 & \text { JLHW.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \\50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14\end{array}$$
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What price will you receive (per underlying share) if you sell the 47.50 call option on JL stock?

• A)$4.80
• B)$5.00
• C)$5.90
• D)$6.00
• E)$6.10

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Definitions:

Trade-Offs

The balance achieved between two desirable but incompatible features; a compromise or negotiation between conflicting needs or requirements.

Supply Chains

Networks of businesses and processes that work together to produce and deliver a product or service to consumers.

Profit Margin

The percentage of revenue remaining after all expenses have been deducted from sales, indicating the financial health and efficiency of a business.

Efficient Supply Chains

Supply chains that are effectively managed to ensure the right products are delivered at the right time to the right place with minimal waste and cost.