Question
3. What is the cost of five November 25 call option contracts on KNJ stock given the following price quotes? KNJ (KNJ) Underlying stock price:
3. What is the cost of five November 25 call option contracts on KNJ stock given the following price quotes?
| KNJ (KNJ) | Underlying stock price: 30.86 |
|
|
|
|
| Call | Put |
| Expiration | Strike | Last | Last |
| Aug | 25 | 6.15 | .05 |
| Nov | 25 | 6.55 | .10 |
| Aug | 35 | .10 | 4.60 |
| Nov | 35 | .70 | 5.10 |
A. $615 B. $655 C. $2,500 D. $3,075 E. $3,275
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
