You Purchased Three Call Option Contracts with a Strike Price

question 77

Multiple Choice

You purchased three call option contracts with a strike price of $22.50 and an option premium of $0.45.You held the option until the expiration date.On the expiration date,the stock was selling for $21.70 a share.What is the total profit or loss on your option position?

• A) -$45
• B) $0
• C) -$240
• D) -$120
• E) -$135

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Definitions:

Functional Stakeholder

An individual or group that has a specific, practical interest or role in a project or business.

Normative Stakeholder

An individual or group that the organization believes ought to have its interests considered due to moral or ethical principles.

Internal Dialogue

The ongoing conversation that occurs within an individual's mind, influencing perceptions, beliefs, and decisions.

Stakeholder Image

The perception or impression that stakeholders have of a company or brand.