22. You have written one July 123 call contract on XRI stock for a premium of $9. You hold the option until the expiration date, when XIR stock sells for $127 per share. You will realize a ______ on the investment.

Multiple Choice

A $500 profit

B $1,300 loss

C $400 loss

D $400 profit

23. The spot price for S&P100 is $1,700. The dividend yield on the S&P 100 is 4.8%. The risk-free interest rate is 5.8%. The futures price for S&P100 for a 6-month contract on gold should be __________.

Multiple Choice

A $1,655.74

B $1,704.79

C $1,719.83

D $1,708.48