You Want the Right,but Not the Obligation,to Sell 600 Shares

question 58

Multiple Choice

You want the right,but not the obligation,to sell 600 shares of ZZ Industries stock at a price of $35 a share.How much will it cost you to establish this option position?

• A)$422
• B)$408
• C)$360
• D)$378
• E)$382

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Definitions:

Nova Scotia

A province in eastern Canada, known for its coastline, maritime heritage, and as one of the four Atlantic provinces.

Cape Breton

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