You Own 300 Shares of Stock Which You Would Like

question 27

Multiple Choice

You own 300 shares of stock which you would like to have the right to sell at $40 a share.The 40 call option is quoted at $0.35 bid,$0.40 ask.The 40 put is quoted at $0.45 bid,$0.50 ask.How much will it cost you to obtain the right to sell all of your shares at $40 a share?

• A) $135
• B) $50
• C) $150
• D) $105
• E) $75

---

Definitions:

Secondary Audience

Individuals or groups who are not the primary target for a message but who may still receive and interpret it.

Initial Audience

The primary group of people for whom a piece of communication is intended, identified at the beginning of the communication planning process.

Watchdog Audience

An audience that acts as a guardian or overseer, especially in holding institutions accountable for their actions.

Primary Audience

The main group of intended receivers for a particular message or piece of content.