You Purchase 10 Call Option Contracts at a Price of $3.18

question 34

Multiple Choice

You purchase 10 call option contracts at a price of $3.18 and a strike price of $75. If the stock price at expiration is $84.12, what is your percentage return?

• A) 163%
• B) 187%
• C) 54%
• D) 287%
• E) 69%

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Definitions:

Long-Term Memory

The phase of memory responsible for the storage of information over an extended period, potentially a lifetime.

Biological Clock

An internal mechanism that regulates physiological and behavioral functions in a cyclical pattern, such as sleep-wake cycles or hormonal changes.

Night Shift

A work shift that takes place during the evening or overnight hours, typically outside of standard daylight hours.

Altered State

A condition of consciousness that is significantly different from one's normal waking state, often induced by drugs, meditation, or hypnosis.