Use These Option Quotes to Answer This Question

question 90

Multiple Choice

Use these option quotes to answer this question:

-What was the prior day's closing price on the 50 call option on JL stock?

• A) $4.45
• B) $4.75
• C) $5.05
• D) $5.10
• E) $5.30

Understand the characteristics and use of various payment and negotiable instruments.

Clarify the legal responsibilities of parties in cases of mistaken identity or payment discrepancies.

Analyze the legal issues surrounding indorsements on negotiable instruments.

Identify the conditions under which a bank can be held liable for paying a forged check.

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Definitions:

Portable Benefits

Benefits, such as retirement plans or health insurance, that can be retained by employees even if they change jobs.

Long-term Care Insurance

A type of insurance designed to cover costs associated with long-term care services, such as in-home care, assisted living, or nursing home care.

401(k) Plan

A retirement savings plan sponsored by an employer that allows workers to save and invest a piece of their paycheck before taxes are taken out.

Paid Leave

Time off from work that is compensated, including but not limited to vacation, sick leave, and parental leave.