Tunerecord Unit Co

question 35

Multiple Choice

Tunerecord Unit Co. stock is currently trading at $24. There are two types of options available on the stock. Call options with a strike price of $24, which expire next year, are currently trading at $9.6. Put options with a strike price of $24, which expire next year, are currently trading for $2.4. Berniss invests $144 in common stock. Jewel invests $144 in the call options. Reynardo invests $144 in the put options. At the end of one year the price of Tunerecord Unit stock is $21.6. Who made the least losses from their investment?

• A) Berniss
• B) Jewel
• C) Reynardo
• D) Berniss and Jewel tied

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Definitions:

Meter Reader

A person employed by utility companies to read the amount of gas, water, or electricity consumed by households or businesses.

CCF

An abbreviation for 100 cubic feet, commonly used as a measure for billing utility usage like water or natural gas.

Energy-Efficient

Describes products or services that use less energy to perform the same task or work as conventional products, reducing energy waste.

Gas Furnace

A heating system that uses natural gas as fuel to produce heat for residential or commercial spaces.