On March 30 You Are Holding a Call Option on a Stock

question 28

Multiple Choice

On March 30 you are holding a call option on a stock (exercise price of $60) ,which will expire on March 31.The closing price of the stock on March 30 is $59.What is the value of your call option?

• A) $1
• B) - $1
• C) Very little
• D) Zero

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Definitions:

Hierarchy of Authority

An organizational structure where entities are ranked according to levels of power and authority, usually from highest to lowest.

Increasing Authority

The process of granting more decision-making power or control to individuals or groups within an organization.

Staff Units

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Marketing

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