23-93 Given the Exercise Price of the Option,what Premium Should

question 33

Multiple Choice

23-93 Given the exercise price of the option,what premium should be paid for this option?

• A)$2.2339 per $1,000 of bond option purchased.
• B)$4.0275 per $1,000 of bond option purchased.
• C)$2.2752 per $1,000 of bond option purchased.
• D)$2.2156 per $1,000 of bond option purchased.
• E)$3.8211 per $1,000 of bond option purchased.

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Definitions:

Implementation

The process of putting a decision or plan into effect; executing or carrying out a plan, idea, or policy.

Stock Prices

represent the value of a company's shares as quoted on a stock exchange, reflecting investor perceptions of the company's future financial performance.

ESOPs

An Employee Stock Ownership Plan, a program that provides a company's workforce with an ownership interest in the company.

Motivational Value

The inherent capacity of a stimulus, activity, or goal to evoke a motivational response or encourage sustained engagement and effort.