You Purchased Four WXO 30 Call Option Contracts at a Quoted

question 62

Multiple Choice

You purchased four WXO 30 call option contracts at a quoted price of $.34. What is your net gain or loss on this investment if the price of WXO is $33.60 on the option expiration date?

• A) -$1,576
• B) -$136
• C) $1,304
• D) $1,440
• E) $1,576

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Communications Decency Act

Legislation enacted in 1996 aimed at regulating and minimizing obscene and indecent material on the internet, but faced significant legal challenges.

1996 Telecommunications Act

A significant overhaul of telecommunications law in the United States that aimed to deregulate the broadcasting and telecommunications markets.

FCC's Licensing Power

The authority of the Federal Communications Commission to grant, deny, and regulate broadcast licenses.

FCC

The Federal Communications Commission (FCC) is a government agency in the United States responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable.