A Stock Is Selling at $85 at the Expiration of an Option

question 24

Multiple Choice

A stock is selling at $85 at the expiration of an option contract.Which of the following options will most likely be exercised?

• A) Buyer of a call option with exercise price of $65
• B) Buyer of a put option with exercise price of $65
• C) Buyer of a call option with exercise price of $85
• D) Buyer of a put option with exercise price of $85

---

Definitions:

Black Soldiers

African American military members who have served in various capacities in the armed forces, especially noted during the American Civil War and both World Wars.

War for Independence

Refers to the American Revolutionary War (1775-1783), in which the thirteen American colonies fought for and gained independence from British rule.

Segregated Units

Military or other organizational units that are divided based on race, ethnicity, religion, or gender, often seen historically in the armed forces.

Integrated Units

Military or organizational units composed of members from different racial, ethnic, or gender groups, especially significant in historical contexts of segregation.