7. You will earn a profit as the owner of a call option if the price of the underlying asset: A. decreases. B. remains constant or decreases. C. remains constant. D. remains constant or increases. E. increases. Use these option quotes to answer question 8: Strike Symbol Last Chg Bid Ask Vol Open Int 47.50 JLHW.X 6.00 10.25 5.90 6.10 18 12 50.00 JLHJX 4.75 10.30 4.80 5.00 17 14 8. The price you will pay (per underlying share) to buy the 50 call option on JL stock is: A. $4.75 B. $4.80. C. $5.00 D. $5.90. E. $6.00 Use these option quotes to answer question 9: Strike Symbol Last Chg Bid Ask 47.50 JLHW.X 6,00 10.25 5.90 6.10 50.00 JLHJX 4.75 to 30 4.80 5.00 Vol Open Int 18 12 17 9. What price will you receive (per underlying share) if you sell the 47.50 call option on JL stock? A. $4.80 B. $5.00 C. $5.90 D. $6.00 E. $6.10