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

question 14

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
 otrike Price  Put Price  Call Price $32.50$2.85$1.65\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 net value of a protective put position at a stock price at expiration of $20,and a stock price at expiration of $45.


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