You Pay $3

question 57

Multiple Choice

You pay $3.25 for a call option on Luther Industries that expires in three months with a strike price of $40.00.Three months later,at expiration,Luther Industries is trading at $41.00 per share.Your profit per share on this transaction is closest to:

• A)-$1.00
• B)$1.00
• C)-$2.25
• D)$2.25
• E)$0

---

Definitions:

Peak Performer

An individual who consistently reaches or exceeds performance objectives, often by maximizing their potential and demonstrating high levels of productivity and effectiveness.

Learning Style

The preferred or most effective method an individual uses to gain knowledge or skills, such as visual, auditory, reading/writing, or kinesthetic.

Professor

An academic position at universities and colleges, involving teaching, research, and contribution to their field of expertise.

Verbal/Linguistic Intelligence

Refers to a person's ability to analyze information and produce work that involves oral and written language, such as speeches, books, and emails.