Use These Option Quotes for JL Stock to Answer This

question 85

Multiple Choice

Use these option quotes for JL stock to answer this question:
$$\begin{array} {ccccccc} \text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \\47.50 & \text { JLHW.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \\50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14\end{array}$$
-
What was the prior day's closing price on the 50 call option on JL stock?

• A)$4.45
• B)$4.75
• C)$5.05
• D)$5.10
• E)$5.30

---

Definitions:

Non-Breaching Party

A party in a contract who has not violated any of the agreement's terms.

Unenforceable Contract

An agreement that, due to certain legal deficiencies, cannot be upheld or enforced by a court of law.

Court of Law

A governmental institution authorized to resolve legal disputes between parties and administer justice in civil, criminal, and administrative matters.