Use the Table for the Question(s)below

question 26

Multiple Choice

Use the table for the question(s) below.
Consider the following information on options from the CBOE for Merck:
-Assume you want to buy one option contract that with an exercise price closest to being at-the-money and that expires January 2009.The current price that you would have to pay for such a contract is:

• A)$680
• B)$380
• C)$650
• D)$420

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Definitions:

Confused

Lacking clarity or understanding; disoriented in thoughts or awareness.

Combative

Showing an eagerness to fight or be aggressive.

Colleague

A person with whom one works, especially in a profession or business, often sharing similar responsibilities or goals.

Restrain

To limit the movement of someone or something by physical force or legal constraints, often for safety or control purposes.