You Purchased Four Call Option Contracts with a Strike Price

question 3

Multiple Choice

You purchased four call option contracts with a strike price of $25.00 and a premium of $1.25.At expiration,the stock was selling for $26.80 a share.What is the total amount it cost you to acquire your shares?

• A) $8,620
• B) $9,060
• C) $10,500
• D) $11,860
• E) $12,400

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Definitions:

Center of Influence

An individual or institution that can significantly affect perceptions and actions within a specific community or demographic through their authority or position.

Endless Chain

A sales technique where current customers are used to generate referrals for future sales opportunities.

Approach Phase

in sales refers to the initial stage of the sales process where a salesperson first makes contact with a prospective customer.

Trial Close

A sales technique where the salesperson presents a question or statement to the potential buyer to gauge their readiness to complete the purchase.