What Is the Cost of Five November 25 Call Option

question 58

Multiple Choice

What is the cost of five November 25 call option contracts on KNJ stock given the following price quotes? KNJ (KNJ) Underlying stock price: 30.86

• A) $615
• B) $660
• C) $2,500
• D) $3,075
• E) $3,300

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Definitions:

Prospective Memory

Remembering to perform a planned action or recall a planned intention at some future point in time.

Cognitive Resources

The mental capacity and abilities available to an individual for thinking, reasoning, and problem-solving.

Short-term Storage

The part of the memory system where information is temporarily held before it is either forgotten or transferred to long-term memory.

Procedural Memory

A type of long-term memory for performing certain types of tasks or procedures, such as riding a bike or typing, without conscious awareness of the previous experiences.