You Wrote a Covered Call with a Strike Price of $35

question 86

Multiple Choice

You wrote a covered call with a strike price of $35 and an option premium of $1.10. Assume the stock price is $34 a share currently and that it falls to $32 a share and remains at that price until the option expires. As a result, you will:

• A)lose an amount equal to the option premium.
• B)lose the option premium but get to keep the stock.
• C)keep both your stock and the option premium.
• D)keep the option premium but lose your shares of stock.
• E)lose both your stock and the option premium.

Evaluate the use and impact of technology on the speed and privacy of communication.

Understand the distinction between hearing and listening in communication.

Realize the significance of language and semantics in avoiding miscommunication.

Identify gender-specific communication styles and their implications for workplace interactions.

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Definitions:

Direct Labor

The pay received by laborers who are directly contributing to the creation of products or the provision of services.

Factory Overhead

The indirect costs associated with manufacturing, including utilities, maintenance, and depreciation of manufacturing equipment.

Direct Materials

Costs of raw materials that are directly used in the manufacturing of a product and can be directly attributed to the goods being produced.

Direct Labor

The direct costs associated with workforce expenses related to manufacturing products or delivering services.