Exhibit 22 $$\begin{array} { c c c } \text { otrike Price } & \text { Put Price } & \text { Call Price } \\\hline\$ 32.50 & \$2.85 & \$1.65\end{array}$$

question 19

Multiple Choice

Exhibit 22.4
Use the Information Below for the Following Problem(S)
Consider the following information on put and call options for Citigroup
$$\begin{array} { c c c } \text { otrike Price } & \text { Put Price } & \text { Call Price } \\\hline\$ 32.50 & \$2.85 & \$1.65\end{array}$$
-Refer to Exhibit 22.4.Calculate the payoffs of a long straddle at a stock price at expiration of $20 and a stock price at expiration of $45.

• A) $6.35, $18.85
• B) $29.65, $42.15
• C) $21.65, $34.15
• D) $8, $8
• E) -$8, -$8

---

Definitions:

Postmodern Perspective

A philosophical approach that emphasizes the role of language, power relations, and cultural narratives in shaping our understanding of reality.

Construct Meaning

The process of making sense of information or experiences by interpreting them in a context that is meaningful to the individual.

Choose Jobs

The process of selecting employment positions based on personal preferences, skills, and the job market.

Self-assessment

The process by which an individual evaluates their own skills, qualities, and achievements critically.