Exhibit 22.7 Use the Information Below for the Following Problem(S)

question 54

Multiple Choice

Exhibit 22.7
Use the Information Below for the Following Problem(S)
GE Corporation has a put option selling for $2.90 and a call option selling for $1.95, both with a strike price of $29.00.
-Refer to Exhibit 22.7.What would the net value of a protective put position be if the stock price at expiration is $35?

• A) $3.10
• B) $30.15
• C) $32.10
• D) $34.05
• E) $35.00

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