You Wrote Five Call Option Contracts on MNO Stock with a Strike

question 26

Multiple Choice

You wrote five call option contracts on MNO stock with a strike price of $25 and an option price of $.70.What is your total net profit or loss on all transactions related to this investment if the price of MNO is $24.70 on the option expiration date? Ignore taxes and transaction costs.

• A)−$500
• B)$350
• C)−$350
• D)$500
• E)$425

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