You Purchase 5 Call Option Contracts with a Price of $3.26

question 15

Multiple Choice

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

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

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Black and White

The phrase "black and white" often refers to a clear, unambiguous, and straightforward situation or viewpoint, lacking any shades of gray or uncertainty.

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