Which of the Following Is Correct for the Owner of a June

question 25

Multiple Choice

Which of the following is correct for the owner of a June call,valued at $3,on XYZ Corp.with a strike price of $60? XYZ Corp.currently trades at $55.

• A) XYZ is expected to go to $63 per share.
• B) The option cannot currently be exercised.
• C) The option owner's current profit is $3 per share.
• D) The option may expire without value.

---

Definitions:

Caregiver Role Strain

The stress or burden experienced by individuals who provide care for family members or others with long-term illnesses or disabilities.

Postanesthesia Care Unit

The specialized care unit where patients recover from anesthesia following surgery.

Incentive Spirometer

A device used to help patients improve the function of their lungs by encouraging deep breathing exercises, especially after surgery.

Appendicitis

Inflammation of the appendix, a small tube attached to the large intestine, which can cause severe abdominal pain and requires urgent surgical removal.