Use These Option Quotes to Answer This Question

question 12

Multiple Choice

Use these option quotes to answer this question:

-You would like to have the right to purchase 200 shares of ZZ Industries stock at a price of $32.50 a share.How much will it cost you to buy options to meet this objective?

• A) $103.11
• B) $12.90
• C) $374.00
• D) $430.00
• E) $561.00

---

Definitions:

Breakeven Point

The financial point at which costs equal revenues, such that no profit is made but no losses are incurred either.

Sales And Costs

A business concept that refers to the total revenue generated from goods or services sold and the expenses incurred in the production or delivery of those goods or services.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Business Plan

A document detailing the strategy, objectives, financial projections, and operations of a business.