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What Is the Cost of Five November 25 Call Option

question 81

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What is the cost of five November 25 call option contracts on KNF given the following price quotes?
KNJ (KNJ) Underlying share price: 30.86
CallPutExpirationStrikeLastLast Aug 256.15.05 Nov 256.60.10 Aug 35.104.60 Nov 35.705.10\begin{array}{|l|l|l|l|}\hline && Call & Put \\\hline Expiration&Strike&Last&Last\\\hline \text { Aug } & 25 & 6.15 & .05\\\hline \text { Nov } & 25 & 6.60 & .10 \\\hline \text { Aug } & 35 & .10 & 4.60 \\\hline \text { Nov } & 35 & .70 & 5.10\\\hline\end{array}

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Definitions:

Arbitration Agreement

A contract in which two or more parties agree to resolve disputes through arbitration rather than through the court system.

Dispute Resolution Rules

Guidelines established to resolve conflicts through arbitration, mediation, or other methods outside of the courtroom.

Indivisible

Unable to be divided or separated into parts without losing its essence or value, often used in legal contexts to describe contracts or obligations.

Agreement

An arrangement or contract between parties, often legally binding, outlining the terms and conditions of a mutual understanding.

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