Josh Owns 2 Call Options on Foster Glass Stock

question 63

Multiple Choice

Josh owns 2 call options on Foster Glass stock. The exercise price is $47.50 and the stock price at expiration is $49.01. What is the total payoff on the option contracts?

• A)$0
• B)−$3.02
• C)$3.02
• D)$30.20
• E)$302.00

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