What Is the Cost of Five November 25 Call Option

question 48

Multiple Choice

What is the cost of five November 25 call option contracts on KNJ stock given the following price quotes? $$\begin{array}{l}\text { KNJ (KNJ) Underlying stock price: } 30.86\\\begin{array} { c c c r } \text { Expiration } & \text { Strike } & \underline{\text { Call }} & \underline{\text {Put }} \\\text { Aug } & 25 & 6.15 & \text { Last } \\\text { Nov } & 25 & 6.60 & .05 \\\text { Aug } & 35 & .10 & 4.60 \\\text { Nov } & 35 & .70 & 5.10\end{array}\end{array}$$

• A)$615
• B)$660
• C)$2,500
• D)$3,075
• E)$3,300

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