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:

Aided Recall

A measure of memory where participants are given cues or prompts to help them remember specific information, typically used in market research.

Sales Promotion

Marketing strategies aimed at stimulating demand by offering short-term incentives to buy a product or service.

Free Samples

Products offered to consumers at no cost to introduce a new product, encouraging trial and eventually boosting sales.

Coupon Fraud

The illegal practice of using counterfeit or altered coupons to purchase products or obtaining unauthorized discounts.