Exhibit 13-5 USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 100

Multiple Choice

Exhibit 13-5
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
Sarah Kling bought a 6-month Peppy Cola put option with an exercise price of $55 for a premium of $8.25 when Peppy was selling for $48.00 per share.
-Refer to Exhibit 13-5. If at expiration Peppy is selling for $42.00, what is Sarah's dollar gain or loss?

• A) $420 gain
• B) $420 loss
• C) $475 loss
• D) $475 gain
• E) None of the above

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Definitions:

Rows Area

In spreadsheet applications, the part of the sheet that is identified by horizontal lines numbered sequentially to organize data.

Quarterly Details

Information or reports summarizing activities, financial performance, or statistics over a three-month period.

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A control in database and spreadsheet software that allows users to choose fields to display in a report or form.

PivotTable Fields Pane

The section in Excel that allows users to choose fields from their dataset to add to a PivotTable for analysis.