You Purchase 5 Call Option Contracts on ABC Stock with a Price

question 80

Multiple Choice

You purchase 5 call option contracts on ABC stock with a price of $3.26 and a strike price of $45. At expiration, the stock price is $51.24. What is your payoff?

• A) $3,120
• B) $1,630
• C) $1,080
• D) $1,490
• E) $2,460

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Definitions:

Compassion

The feeling that arises when a person is confronted with another's suffering and feels motivated to relieve that suffering. Compassion shows kindness, caring, and a willingness to help others.

Caring

Universal phenomenon that influences the way we think, feel, and behave in relation to one another.

Receptive Care

Care practices that involve actively listening and responding to the needs and preferences of patients.

Thoracentesis

A medical procedure involving the insertion of a needle through the chest wall to remove fluid from the pleural space for diagnostic or therapeutic purposes.