Exhibit 13-7
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 33

Multiple Choice

Exhibit 13-7
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S) $\begin{array}{|l|l|l|c|}\hline \text { Option Type } & & \text { Currency } & {\text { Canadian dollar }} \\\hline \begin{array}{l}\text { Contract } \\\text { Size }\end{array} & & 50000 &{\text { Canadian dollars }} \\\hline \text { Expiry } & & \text { April } & \mid\\\hline & & &\mid \\\hline \text { Strike } & \text { Call } & \text { Put } & \mid \\\hline \$ 0.815 & \$ 0.0118 & &\mid \\\hline \$ 0.820 & & \$ 0.0068 & \mid\\\hline\end{array}$
-Refer to Exhibit 13-7. How much must an investor pay for one call option contract?

• A) $680
• B) $815
• C) $625
• D) $590
• E) $340

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Definitions:

IDEATE Method

A step in the design thinking process that focuses on generating a wide range of ideas and solutions to address a defined problem.

Food Truck

A mobile kitchen set up in a vehicle, serving food to the public at various locations.

Opportunity Recognition

The ability to identify and evaluate potential business or investment opportunities within the environment.

Economic Value

The worth of a good or service determined by the market forces of supply and demand.