You Purchased Four Call Option Contracts with a Strike Price

question 10

Multiple Choice

You purchased four call option contracts with a strike price of $24.00 and a premium of $1.30. At expiration, the stock was selling for $25.50 a share. What is the total amount it cost you to acquire your shares?

• A)$8,620
• B)$10,000
• C)$10,500
• D)$11,860
• E)$10,120