USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 26

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

-Refer to Exhibit 16.8. If you establish a long straddle using the options with an 85 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

• A) $18.75 loss
• B) $18.75 gain
• C) $1,668.75 gain
• D) $1,668.75 loss
• E) $1,687.50 loss

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Definitions:

Blacks

Individuals of African descent, emphasizing their cultural, historical, and social contributions and experiences across the globe.

American Population

The total number of people living in the United States, a diverse mix of ethnicities, cultures, and races.

Black American

An individual of African descent residing in the United States, often with historical ties to slavery and the African diaspora.

Settlement Patterns

The distribution and arrangement of human habitats, communities, and dwellings over a particular area.