How Much Will It Cost to Purchase 4 June $27 $\text { Iexas Instruments (TXN) }$

question 74

Multiple Choice

How much will it cost to purchase 4 June $27.50 calls on Texas Instruments?
$\text { Iexas Instruments (TXN) }$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {CALL}$ $\quad$ $\quad$ $\quad$$\text {PUT}$
$\begin{array}{llllll}\text { Exp } & \text { Strike } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask }\\\text { May } & 25.00 & 6.60 & 6.70 & \text { N/A } & .01 \\\text { Jun } & 25.00 & 6.50 & 6.75 & \text { N/A } & .03 \\\text { Oct } & 25.00 & 6.95 & 7.25 & .39 & .42 \\\text { May } & 27.50 & 4.10 & 4.15 & \text { N/A } & .01\\\text { Jun}&27.50&4.05&4.30&.07&.10\end{array}$

• A)$21
• B)$1,215
• C)$1,245
• D)$1,720
• E)$2,075

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Countries that are in the process of industrialization and have lower per capita income levels compared to developed countries.