Ryan TGates Buys a Call Option on Hoste Enterprise for $3

question 16

Multiple Choice

Ryan T.Gates buys a call option on Hoste Enterprise for $3.The call option has a strike price of $35 and 6 months to expiration.If the price of Hoste Enterprise is $33 in 6 months how much is the call option worth at expiration.

• A) $3
• B) $2
• C) $-2
• D) $0

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