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

---

Definitions:

Future Earthquakes

Predictions or assessments regarding the occurrence, magnitude, and impact of earthquakes that have not yet happened.

Seismic Wave

Elastic waves produced by earthquakes or generated artificially.

Refracted

The bending of a wave, such as light or sound, as it passes from one medium to another at an angle.

Steeper Angle

A measure of the sharp increase in slope or inclination.