The Price of a Stock on July 1 Is $57

question 9

Multiple Choice

The price of a stock on July 1 is $57.A trader buys 100 call options on the stock with a strike price of $60 when the option price is $2.The options are exercised when the stock price is $65.The trader's net profit is

• A) $700
• B) $500
• C) $300
• D) $600

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Definitions:

Retina

The light-sensitive layer at the back of the eye that converts light into neural signals sent to the brain.

Retina

A light-sensitive layer at the back of the eye that contains cells responsible for converting light into neural signals for vision.

Neural Tissue

Specialized tissue that makes up the nervous system, including the brain, spinal cord, and nerves, responsible for transmitting signals throughout the body.

Eyeball

The spherical part of the eye that contains the optic nerve, retina, lens, and other structures, enabling vision.