USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 48

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

-Refer to Exhibit 16.1. If the spot rate at expiration is $0.90 and the call option was purchased, what is the dollar gain or loss?

• A) $0
• B) $3750 gain
• C) $3660 gain
• D) $4650 loss
• E) $2680 loss

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Definitions:

Treat Disease

The application of medical care or interventions aimed at alleviating symptoms, curing, or managing a disease or medical condition.

Healthy Individuals

Persons who exhibit both physical and mental well-being, characterized by the absence of disease, a state of balance, and the capacity for daily function.

Nurturing

Providing care and protection to promote the development and growth of someone or something.

Human Character

The mental and moral qualities distinctive to an individual; the collective traits and behaviors that make up an individual's personality.