Louise Just Purchased 3 Call Option Contracts on GE Stock

question 20

Multiple Choice

Louise just purchased 3 call option contracts on GE stock.How many shares of stock can she buy at the strike price based on these contracts?

• A)3
• B)30
• C)300
• D)30,000
• E)300,000

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Definitions:

Endosteum

A thin vascular membrane lining the inner surface of the bony tissue that forms the medullary cavity of long bones.

Osteoblasts

Bone-forming cells involved in the synthesis and mineralization of bone during both initial bone formation and later bone remodeling.

Sharpey Fibers

Thick collagen fibers that anchor periosteum (the outer fibrous layer of bone) to the bone, playing an important role in the attachment of tendons and ligaments to bones.

Periosteum

A dense layer of vascular connective tissue enveloping bones except at the surface of the joints.