Katie Purchased 6 Call Options on Atlas Co

question 30

Multiple Choice

Katie purchased 6 call options on Atlas Co.stock with a strike price of $40.00.On the expiration date,the stock was priced at $38.95 a share.What is the total payoff on the option contracts?

• A) -$220.00
• B) -$55.00
• C) $0.00
• D) $2.20
• E) $55.00

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