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.

• A) $25
• B) -$2
• C) $2
• D) -$25
• E) $0

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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.

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