You Want the Right, Not the Obligation, to Buy 600

question 84

Multiple Choice

You want the right, not the obligation, to buy 600 shares of a stock at a price of $34.50 a share. The 34.50 call option has a quoted price of $0.20 and the $34.50 put option is quoted at $1.50. How much will it cost you to acquire the right you want?

• A) $1.20
• B) $1.50
• C) $120
• D) $150
• E) $180

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Definitions:

Physical Attractiveness

The extent to which an individual's physical characteristics are deemed beautiful or visually appealing.

Close Friendship

An intimate, deep bond between people characterized by mutual respect, affection, and trust.

Talkative

Characterized by the tendency or willingness to engage in prolonged or frequent conversations.

Intelligent

The ability to acquire and apply knowledge and skills, showing a high level of understanding, reasoning, and cognitive function.