Jennifer Sold a Call Option on XXX Corp

question 17

Multiple Choice

Jennifer sold a call option on XXX Corp. with an exercise price of $50 and a premium of $3. The option expires today and XXX is currently trading at $40. What is Jennifer's expected profit or loss per share?

• A) -$3
• B) $3
• C) $7
• D)$10

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Definitions:

Adolescents Sleep

The sleep patterns or behaviors associated with the adolescent age group, often characterized by shifts in sleep-wake cycles and sleep needs.

Hours

Units of time equivalent to 60 minutes, used to measure the duration of events or the time of day.

Minutes

Small units of time, each consisting of 60 seconds, used to measure the duration of events and intervals.

Adolescent's Brain

Describes the neurological development and changes occurring in the brain during the adolescent period, impacting behavior, decision-making, and emotional processing.