You Own Two Call Option Contracts on ABC Stock with a Strike

question 8

Multiple Choice

You own two call option contracts on ABC stock with a strike price of $15.When you purchased the contracts the option price was $1.20 and the stock price was $15.90.What is the total intrinsic value of these options if ABC stock is currently selling for $14.50 a share?

• A)$280
• B)$180
• C)$100
• D)$0
• E)$29

Explain the stages of the general adaptation syndrome.

Recognize the commonality of stress experiences among individuals.

Understand the distinction between temporary and permanent accounts and their roles in the accounting cycle.

Comprehend the purpose and process of adjusting entries in the preparation of financial statements.

---

Definitions:

Posterior Attachment

A term typically used in anatomy to refer to structures attached towards the back side of the body.

Inflammation

the body's defensive response to injury, infection, or irritation, characterized by redness, heat, swelling, and pain.

Rheumatoid Arthritis

An autoimmune disorder that causes chronic inflammation of the joints, often leading to pain, swelling, and potential loss of function.

Scoliosis

Lateral curvature of the spine.