The May 17, 2015, Price Quotation for a Boring Call

question 11

Multiple Choice

The May 17, 2015, price quotation for a Boring call option with a strike price of $50 due to expire in November is $20.80, while the stock price of Boring is $69.80. The premium on one Boring November 50 call contract is ________.

• A) $1,980
• B) $4,900
• C) $5,000
• D) $2,080

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