Exhibit 13-9
USE THE FOLLOWING INFORMATION FOR THE NEXT QUESTION(S) $\begin{array}{ccc}\text { Strike Price } & \text { Put Price } & \text { Call Price } \\\hline \$ 32.50 & \$ 2.85 & \$ 1.65\end{array}$

question 63

Multiple Choice

Exhibit 13-9
USE THE FOLLOWING INFORMATION FOR THE NEXT QUESTION(S)
Consider the following information on put and call options for Bank of Montreal
$\begin{array}{ccc}\text { Strike Price } & \text { Put Price } & \text { Call Price } \\\hline \$ 32.50 & \$ 2.85 & \$ 1.65\end{array}$
-Refer to Exhibit 13-9. A long strap is an appropriate strategy if

• A) An investor wishes to generate additional income.
• B) An investor wished to insure against a decline in share values.
• C) An investor expected share prices to be volatile.
• D) An investor expected share prices to remain in a trading range.
• E) An investor expected share prices to be volatile, but was inclined to be bullish.

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Definitions:

Bereavement

The state of loss and grief experienced after the death of a loved one, encompassing a wide range of feelings from deep sadness to anger.

Elisabeth Kübler-Ross

A psychiatrist known for her theory of the five stages of grief: denial, anger, bargaining, depression, and acceptance.

Five Stages

refers to a model often used to describe the progression through stages of grief and loss, including denial, anger, bargaining, depression, and acceptance.

Prefrontal Cortex

The part of the brain located at the front of the frontal lobe, associated with decision making, social behavior, and personality expression.