Exhibit 13-8
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 99

Multiple Choice

Exhibit 13-8
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S) $\begin{array}{c}\quad\quad\quad\quad\text { XYZ CORP }\\\begin{array}{cccc}\hline &{ \quad\quad\quad\text { EXERCISE } } & & { \quad\quad\quad\text { NYSE } } \\\hline&\text { DATE } & \text { PRICE } & \text { PRICE } & \text { CLOSE } \\\hline \text {CALLS } & \text { OCT } & 85 & 163 / 4 & 10111 / 16 \\&\text { OCT } & 90 & 12 & 10111 / 16 \\&\text { OCT } & 95 & 75 / 8 & 10111 / 16 \\ \text { PUTS } &\text { OCT } & 85 & 1 / 8 & 10111 / 16 \\&\text { OCT } & 90 & 3 / 8 & 10111 / 16 \\&\text { OCT } & 95 & 13 / 16 & 10111 / 16\end{array}\end{array}$
-Refer to Exhibit 13-8. If you establish a long straddle using the options with an 95 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

• A) $668.75 gain
• B) $668.75 loss
• C) $94.56 gain
• D) $94.56 loss
• E) $81.25 loss

Grasp the significance of capital investment in enhancing productivity and economic growth.

Appreciate the concept of social and public capital in contributing to the collective welfare.

Understand the methods of measuring a firm’s capital and investment.

Realize the importance of investing in software and technology as a form of human capital.

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Definitions:

Georges Méliès

A French illusionist and filmmaker famous for his creative special effects and storytelling in early cinema, notably in "A Trip to the Moon."

Narrative Trademarks

Distinctive storytelling techniques or recurring themes that are characteristic of a particular writer, filmmaker, or artist.

Aesthetic Trademarks

Distinctive visual or stylistic elements consistently used by an artist, filmmaker, or brand, which become synonymous with their work.

Crosscutting

Crosscutting is an editing technique in film and video production, where two or more scenes are intercut to suggest they are happening simultaneously.