You Purchased Four WXO 30 Call Option Contracts at a Quoted

question 62

Multiple Choice

You purchased four WXO 30 call option contracts at a quoted price of $.34. What is your net gain or loss on this investment if the price of WXO is $33.60 on the option expiration date?

• A) -$1,576
• B) -$136
• C) $1,304
• D) $1,440
• E) $1,576

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