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Assume That You Purchased Shares of a Stock at a Price

question 93

Multiple Choice

Assume that you purchased shares of a stock at a price of $35 per share. At this time, you wrote a call option with a $35 strike and received a call price of $2. The stock currently trades at $70. Calculate the dollar return on this option strategy.


Definitions:

Stethoscope

A medical instrument used by healthcare professionals to listen to internal sounds of the body, particularly heart and lung sounds.

Health Assessment

The comprehensive evaluation of a person’s physical, psychological, and social health status, performed by a healthcare professional.

Lindane-Based

Refers to products or medications containing Lindane, a chemical used to treat lice and scabies by affecting the nervous system of these parasites.

Fine-Toothed Comb

A comb with very close-set teeth used for detailed grooming or searching through something thoroughly.

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