You Purchased Four WXO 32 Call Option Contracts at a Quoted

question 21

Multiple Choice

You purchased four WXO 32 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 $35 on the option expiration date?

• A) $266
• B) $1,064
• C) $1,093
• D) $1,200
• E) $2,125

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Definitions:

Cosign

To sign a legal document alongside another person, often agreeing to share the responsibility for fulfilling the terms of the document, such as repaying a loan.

Minor

An individual under the legal age of adulthood, typically under 18 years old, with limited legal rights and responsibilities.

Liable

Legally responsible or obligated to answer for actions or to compensate for harm or damage caused.

Misrepresents

Providing false or misleading information or statements.