Exhibit 22 -Refer to Exhibit 22

question 27

Multiple Choice

Exhibit 22.1
Use the Information Below for the Following Problem(S)
$\begin{array}{|l|c|l|l|l|}\hline \text { Option Type } & & \text { Currency } &{\text { Canadian dollar }} \\\hline \text { Contract Size } & & 50000 & {\text { Canadian dollars }} \\\hline \text { Expiry } & & \text { April } & & \\\hline & & & & \\\hline \text { Strike } & \text { Call } & \text { Put } & & \\\hline \$ 0.815 & \$ 0.0118 & & & \\\hline \$ 0.820 & & \$ 0.0068 & & \\\hline\end{array}$
-Refer to Exhibit 22.1.How much must an investor pay for one put option contract?

• A) $680
• B) $815
• C) $340
• D) $625
• E) $590

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Definitions:

UV Radiation

Electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, which can have effects such as causing skin burns or promoting vitamin D synthesis.

Chloroplasts

Organelles found in the cells of green plants and photosynthetic algae that conduct photosynthesis, converting light energy, water, and carbon dioxide into oxygen and glucose.

Greatest Density

Refers to the point at which a substance is at its highest mass per unit volume, often occurring at specific conditions of temperature and pressure.

Photosynthesis

Photosynthesis is a process by which green plants, algae, and certain bacteria convert light energy, typically from the sun, into chemical energy stored in glucose.