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 98

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 short 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

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Pertaining to diseases or responses where the body's immune system mistakenly attacks its own cells, tissues, or organs.

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A group of herbivorous mammals that are able to acquire nutrients from plant-based food by fermenting it in a specialized stomach prior to digestion, mainly through microbial actions.

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Tough, insoluble polysaccharide of glucose monomers; the major structural material in plants.

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Microscopic organisms, including bacteria, viruses, fungi, and protozoa, that can be either beneficial or harmful to other organisms.