Assuming That You Entered into the Option and the Strike

question 55

Multiple Choice

Assuming that you entered into the option and the strike price were 154, what would be your net cash proceeds on July 15?

• A) $117,000.00
• B) $114,537.50
• C) $114,512.50
• D) $115,500.00

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Definitions:

Budgeted Income Statement

A financial projection that estimates a company's revenue and expenses over a specific future period, predicting net income or loss.

Budgeted Balance Sheet

A financial statement projecting the future financial position of a company, based on expected assets, liabilities, and equity.

Continuous Budget

A 12-month budget that rolls forward one month as the current month is completed.

Rolls Forward

A process in accounting or financial planning where data or balances are brought forward from a previous period to the current one.