Exhibit 13-10 USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT QUESTION(S)

question 51

Multiple Choice

Exhibit 13-10
USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT QUESTION(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 13-10. What would the net value of a long strap position be if the stock price at expiration is $35?

• A) -$1.15
• B) -$2.30
• C) $1.15
• D) $2.30
• E) $5.20

---

Definitions:

Presentation Method

Various techniques or approaches used to deliver information, ideas, or findings to an audience effectively.

Memorizing

The process of committing information to memory so that it can be recalled later without reference to the original source.

Reading

Reading involves interpreting and understanding the meaning of written symbols and languages, allowing individuals to gain information, knowledge, and enjoyment from text.

Presenting Facts

The act of providing verifiable and objective information to an audience without the inclusion of personal opinions or biases.