What Is the Current Price Per Underlying Share If You $\text { General Electric }$

question 46

Multiple Choice

What is the current price per underlying share if you wish to buy a June $32.50 call option on General Electric stock?
$\text { General Electric }$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {CALL}$ $\quad$ $\quad$ $\quad$$\text {PUT}$
$\begin{array}{rrrrrr}\operatorname{Exp} & \text { Strike } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask }\\\text { Jun } & 32.50 & .68 & .70 & .70 & .73 \\\text { Sep } & 32.50 & 1.60 & 1.62 & 1.64 & 1.68 \\\text { Jun } & 34.00 & .18 & .19 & 1.73 & 1.77 \\\text { Sep } & 34.00 & .93 & .95 & 2.52 & 2.56\end{array}$

• A)$.68
• B)$.70
• C)$.73
• D)$1.60
• E)$1.62

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Definitions:

Middle Term

In the context of a syllogism in logic, the middle term is the term that appears in both premises but not in the conclusion, serving as a link between the two terms that do appear in the conclusion.

Major Premise

In deductive reasoning, the overarching statement or proposition from which a logical conclusion is drawn.

Minor Premise

The secondary or specific statement in a syllogism that, together with the major premise, leads to a logical conclusion.

Categorical Syllogisms

A form of reasoning consisting of three propositions: two premises and a conclusion, involving categories or groups.