QUESTION 15

1. Which of the following statements is true?

   Market Price	$195
   Contract Symbol	Strike	Bid	Ask
   FB190726C00165000	165	36	36.75

   	a.	This option is in the money and a buyer would have a profit of $3000 per contract
   	b.	This buyer of this option must purchase 100 shares of the underlying security if they do not exercise the option prior to expiration date.
   	c.	This option is out of the money and therefore has no intrinsic value.
   	d.	If the buyer decides to exercise this option, she will have a profit of $3000.
   	e.	None of the above are true.