USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 74

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

-Refer to Exhibit 16.8. If you establish a long strip 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) $1,668.75 gain
• B) $1,700.00 gain
• C) $1,700.00 loss
• D) $31.25 gain
• E) $31.25 loss

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Definitions:

Stool Softener

A medication or substance used to soften the stool and ease the passage of bowel movements.

High-Fiber Diet

A diet rich in foods that contain a lot of fiber, which aids in digestion and is beneficial for heart and gut health.

Loperamide

A medication commonly used to reduce the frequency of diarrhea by slowing down the movement of the gut.

Continuous Oozing

The ongoing seepage of fluid, often blood or serous fluid, from a wound or incision site, indicating a potential problem in healing.