Use the Table for the Questions Below

question 47

Multiple Choice

Use the table for the questions below
Consider the following information on options from the CBOE for Rackspace.
-Assume you want to sell 20 call option contracts with an exercise price closest to being at-the-money and that expires January 2011.The current price that you would receive for such a contract is:

• A)$4500
• B)$2600
• C)$3900
• D)$4000
• E)$3500

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Definitions:

Attachment Jurisdiction

The legal authority courts have to seize a defendant's property within its territory to secure jurisdiction over a lawsuit or to satisfy a judgment.

Reply

A response by the plaintiff to the defendant’s counterclaim.

Pleading

A formal written statement submitted by parties in a legal proceeding detailing their claims or defenses.

Case-Or-Controversy

A legal requirement under the Constitution that ensures federal courts only hear actual, ongoing disputes.