Grant Purchased One Call on XYZ Stock at an Exercise

question 64

Multiple Choice

Grant purchased one call on XYZ stock at an exercise price of $25. The market price of XYZ stock when Grant purchased the call was $24 a share. XYZ is currently priced at $30 a share. Grant paid $120 to buy the call. How much profit will Grant make if he exercises the option today and then sells the shares? Ignore all transaction-related costs.

• A) $380
• B) $480
• C) $500
• D) $600

Comprehend the research findings regarding the efficacy of IPT and TA in treating various psychological conditions.

Grasp the significance of the life positions and games in TA concerning personality and therapeutic outcomes.

Understand the impact of early and current interpersonal relationships in mental health according to IPT and TA.

Understand the effectiveness of interpersonal psychotherapy (IPT) in various age groups and mental health issues.

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Definitions:

Overextension

A linguistic phenomenon observed in childhood language development where a child applies a word more broadly than its adult meaning.

Holophrase

A single word used by an infant that expresses a complex idea or request, indicative of early language development.

Telegraphic Speech

A stage in language development in young children where sentences are constructed with only essential words and grammar is often missing.

English-speaking Infant

A baby who is being raised in an environment where English is the primary language of communication.