Josh Owns 2 Call Options on Foster Glass Stock

question 98

Multiple Choice

Josh owns 2 call options on Foster Glass stock.The exercise price is $47.50 and the stock price at expiration is $49.01.What is the total payoff on the option contracts?

• A) -$0.00
• B) -$3.02
• C) $3.02
• D) $30.20
• E) $302.00

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