Exhibit 16.4 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Consider the following information on put and call options for Citigroup Refer to Exhibit 16.4. Calculate the net value of a covered call position at a stock price at expiration of $20 and a stock price at expiration of $45. a. $8,$8 b. $6.35,$18.85 c. $29.65,$42.15 d. $21.65,$34.15 e. $8,$8 Exhibit 16.4 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Consider the following information on put and call options for Citigroup Refer to Exhibit 16.4. Calculate the net value of a covered call position at a stock price at expiration of $20 and a stock price at expiration of $45. a. $8,$8 b. $6.35,$18.85 c. $29.65,$42.15 d. $21.65,$34.15 e. $8,$8