You Bought Four Call Option Contracts with a Strike Price

question 58

Multiple Choice

You bought four call option contracts with a strike price of $48.25 and an option premium of $1.30. At expiration, the stock was selling for $51.30 a share and you exercised your option. What is your total cost basis in the acquired shares?

• A)$23,150
• B)$19,820
• C)$23,750
• D)$24,250
• E)$26,250

Distinguish between effective and ineffective components of skills learning programs.

Recognize the persistent and evolving challenges of workplace drug issues.

Appreciate the importance of a strategic approach in human resource management and training.

Identify legal obligations and effective practices in handling accommodations and evaluating performance.

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Definitions:

Search Warrants

Legal documents that authorize law enforcement officers to conduct searches of premises and seize evidence.

Fourth Amendment

An amendment to the U.S. Constitution that protects individuals from unreasonable searches and seizures by the government, requiring any warrant to be judicially sanctioned and supported by probable cause.

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is necessary for certain legal actions like issuing a search warrant.

Unreasonable Searches

A term referring to searches conducted by law enforcement without a valid warrant or without an applicable exception to the warrant requirement, violating the Fourth Amendment.