You Purchased Five WXO 30 Call Option Contracts at a Quoted

question 45

Multiple Choice

You purchased five WXO 30 call option contracts at a quoted price of $.34.What is your total profit on this investment if the price of WXO is $33.60 on the option expiration date?

• A)$170
• B)$326
• C)$1,630
• D)$1,440
• E)$1,576

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period of time.

Price

The amount of money expected, required, or given in payment for something.

Correlation Analysis

The study of how variables are related and the measurement of the strength and direction of this relationship.

Linear Relationship

A type of relationship between two variables where a change in one variable is associated with a proportional change in the other variable.