USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 109

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the following information on put and call options for Citigroup

-Refer to Exhibit 16.4. Calculate the net value of a covered call position at a stock price at expiration of $20 and a stock price at expiration of $45.

• A) $6.35, $18.85
• B) $29.65, $42.15
• C) $21.65, $34.15
• D) $8, $8
• E) -$8, -$8

---

Definitions:

Painting Style

Refers to the distinct techniques and methods used by artists in the creation of their paintings.

Kano School

A school of Japanese painting founded in the 15th century, known for its mastery in ink painting and serving as the leading school of painting for several centuries in Japan.

Rinpa School

A historic school of Japanese painting that emerged in the early 17th century, characterized by bold outlines, vibrant colors, and themes from nature, literature, and classical Japanese culture.

Rinzai School

The Rinzai School is one of the main sects of Zen Buddhism in Japan, emphasizing kensho (seeing one's true nature) and koan practice as paths to enlightenment.