You Purchased Two Call Option Contracts with a Strike Price

question 89

Multiple Choice

You purchased two call option contracts with a strike price of $22.50 and a premium of $2.80. At expiration, the stock was selling for $28.10 a share. What is the total amount it cost you to acquire your shares?

• A) $5,620
• B) $5,060
• C) $4,980
• D) $3,860
• E) $4,400

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