You Purchased Six TJH Call Option Contracts with a Strike

question 58

Multiple Choice

You purchased six TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires today when the value of TJH stock is $41.90. Ignoring trading costs and taxes,what is your total profit or loss on your investment?

• A) $60
• B) $320
• C) $360
• D) $420
• E) $540

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An incorrect spelling, possibly intended to mean "interests," which refers to activities, topics, or subjects that draw attention or engagement.