Use the Table for the Question(s)below

question 28

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 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.