Callie Purchased 3 Call Options with a $37

question 85

Multiple Choice

Callie purchased 3 call options with a $37.50 strike price and a call premium of $.90. On the expiration date, the underlying stock was priced at $40.20 per share. What is her percentage return on this investment?

• A)−100.00%
• B)70.45%
• C)181.82%
• D)200%
• E)909.10%

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Definitions:

Tariffs

Taxes imposed by a government on imported or exported goods.

Land Surveying

The measurement and mapping of land boundaries, topography, and features to determine property lines and design construction projects.

Westward Expansion

The 19th-century movement of settlers into the American West, driven by the belief in Manifest Destiny and leading to significant territorial acquisitions and conflicts.

Virginia Plan

A suggestion made by delegates from Virginia for a two-chambered legislative body while creating the United States Constitution in 1787.