Katie Purchased 4 Call Options on Atlas Co

question 94

Multiple Choice

Katie purchased 4 call options on Atlas Co. stock with a strike price of $37.00. On the expiration date, the stock was priced at $36.95 a share. What is the total payoff on the option contracts?

• A) -$220
• B) -$55
• C) $0
• D) $2.20
• E) $55

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Definitions:

Unit Product Cost

The cost computed for a single unit, encompassing all direct materials, direct labor, and both variable and fixed overheads.

Break-Even

A situation where cumulative expenses and revenues balance out, leaving no profit or loss.

Sales Dollars

The total revenue generated from goods or services sold by a company, measured in dollars.

Common Fixed Expenses

Expenses that do not vary with production volume and are shared across different segments or products of a business.