USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 13

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
GE Corporation has a put option selling for $2.90 and a call option selling for $1.95, both with a strike price of $29.00.
-Refer to Exhibit 16.6. What would the net value of a short straddle position be if the stock price at expiration is $35?

• A) -36.15
• B) -7.15
• C) -$1.15
• D) $1.15
• E) $7.15

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Definitions:

Animal Pollinators

Animals that transfer pollen from the anther to the stigma of plants, facilitating their fertilization and reproduction.

Horizontal

Describes something laying in a flat position, parallel to the ground.

Aboveground Stem

The portion of a plant's stem that is visible above the surface of the soil, supporting leaves and flowers.

Horizontal

Referring to the orientation parallel to the ground or to the bottom and top edges of most two-dimensional objects.