You Purchased Four Call Option Contracts with a Strike Price

question 3

Multiple Choice

You purchased four call option contracts with a strike price of $25.00 and a premium of $1.25.At expiration,the stock was selling for $26.80 a share.What is the total amount it cost you to acquire your shares?

• A) $8,620
• B) $9,060
• C) $10,500
• D) $11,860
• E) $12,400

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