USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 36

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

-Refer to Exhibit 16.8. If you establish a long strap using the options with a 90 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

• A) $37.50 loss
• B) $37.50 gain
• C) $100.00 loss
• D) $100.00 gain
• E) $2,437.50 loss

---

Definitions:

Highlighting

Emphasizing or making certain aspects or details more noticeable or important.

Incongruent Responses

Responses or reactions that do not match the situation or the emotional state expected, often indicating underlying issues.

Exploring Topical

Investigating or discussing subjects that are currently relevant or of interest in a specific field or general discourse.

Elicit Limited Information

The process of obtaining specific, brief pieces of data or insight, often used in investigative or therapeutic contexts.