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:

Dog

A domesticated carnivorous mammal (Canis familiaris) that has been selectively bred over millennia for various behaviors, sensory capabilities, and physical attributes.

Sequenced

Sequenced refers to the process of determining the precise order of nucleotides in a strand of DNA or RNA, providing detailed genetic information.

Genome

The complete set of genes or genetic material present in a cell or organism, encapsulating its hereditary information.

Domestic

Referring to aspects of the home or household, or pertaining to activities done within a country.