Use These Option Quotes to Answer This Question

question 23

Multiple Choice

Use these option quotes to answer this question:

-The price you will pay (per underlying share) to buy the 50 call option on JL stock is:

• A) $4.75.
• B) $4.80.
• C) $5.00.
• D) $5.90.
• E) $6.00.

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Definitions:

Communications Protocol

Rules and conventions for data exchange over a network between devices or software applications to ensure correct transmission.

POP

Post Office Protocol, a protocol used by local e-mail clients to retrieve e-mails from a remote server over an Internet connection.

SMTP

Simple Mail Transfer Protocol, a protocol used in the transmission of email messages over the Internet.

POP3

Stands for Post Office Protocol version 3, a standard protocol used by email clients to retrieve emails from a server.