You Purchased Three WXO 15 Call Option Contracts at a Quoted

question 34

Multiple Choice

You purchased three WXO 15 call option contracts at a quoted price of $.44.What is your net gain or loss on this investment if the price of WXO is $15.70 on the option expiration date?

• A)−$132
• B)−$116
• C)$78
• D)$54
• E)$109

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Definitions:

Confederates

Individuals who are part of a confederation, or in historical contexts, specifically refers to those aligned with the Confederate States of America during the American Civil War.

Likelihood Of Conformity

The probability that an individual will adopt the behaviors, beliefs, or attitudes of a group.

Social Psychology

The scientific study of how individuals think, feel, and behave in social contexts.

Mental Processes

The internal, covert activities of the mind, such as thinking, feeling, and remembering.