A Stock Is Selling for $31

question 19

Multiple Choice

A stock is selling for $31. There is a call option on the stock with an exercise price of $27. What is the approximate minimum value of the call option?

• A) $0
• B) $4
• C) $27
• D) $31

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Definitions:

Checkpoint Genes

Checkpoint genes are parts of the cellular machinery that regulate the cell cycle's critical checkpoints to ensure accurate DNA replication and division.

BRCA1

A gene located on chromosome 17, playing a critical role in the repair of DNA breaks; mutations can significantly increase the risk of breast and ovarian cancer.

BRCA2

A gene located on chromosome 13 that produces a protein involved in DNA repair and plays a key role in maintaining the genetic stability of cells.

Mitotic Spindle

A structure composed of microtubules that segregates chromosomes into daughter cells during mitosis.