1. A call option priced at $6 with a stock price of $45 and an exercise price of $46 allows the holder to buy the stock at

$46

$45

$52

$51

$40

2.A put option has a strike price of $75 and the cost of the option is $6. If the current price of the stock is $73 then the breakeven price for the option is:

$69

$75

$67

$81

$79

3. A call option has a strike price of $62 and the cost of the option is $4. If the current price of the stock is $73 then the breakeven price for the option is:

$58

$62

$77

$66

$69

4. You bought a call option with a strike of $65 for $3 when the stock price was $58. If at expiration the stock price is $62, your gain/loss at expiration is:

loss of $3

gain of $1

Breakeven (no gain or loss)

loss of $2

gain of $4

5. You bought a put option with a strike of $60 for $4 when the stock price was $59. If at expiration the stock price is $52, your gain/loss at expiration is:

gain of $4

loss of $4

loss of $1

Breakeven (no gain or loss)

gain of $5