You Bought a Call Option with a Strike Price of $40.What

question 70

Multiple Choice

You bought a call option with a strike price of $40.What is your total payoff on this option contract if the underlying stock is selling for $42.70 on the option expiration date?

• A) $3.00
• B) $70.00
• C) $133.00
• D) $233.00
• E) $270.00

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Definitions:

Object-Oriented Programming

A programming paradigm based on the concept of "objects", which can contain data and code: data in the form of fields, and code in the form of procedures.

Interactions

Exchanges or communications between components in a program or between users and programs.

Remainder Operator

An operator (usually %) used in programming to compute the remainder of the division of two numbers.

Integer Division

The process of dividing two integers resulting in an integer quotient, discarding any remainder.