Which One of the Following Is Correct for the Owner

question 91

Multiple Choice

Which one of the following is correct for the owner of a June call, valued at $3, on XYZ Corp. with a strike price of $60? XYZ Corp. currently trades at $55.

• A) XYZ stock will go to $63 per share within the option period.
• B) The option should be exercised now.
• C) The option owner's current profit is $3 per share.
• D)The option may expire without value.

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Definitions:

Orthologs

Genes in different species that evolved from a common ancestral gene by speciation and retain the same function in the course of evolution.

Homoplasy

Homoplasy refers to a phenomenon in evolutionary biology where similar traits or structures arise independently in different lineages, not due to common ancestry.

Molecular Phylogenies

The use of molecular data to construct evolutionary trees that represent the relationships among different species or organisms.

DNA Sequence

The precise order of nucleotides within a DNA molecule, determining genetic information.