Question 24

An investor buys 100 shares of ATN at 37 and 7/8 and buys one ATN October 40 put at 3 and 1/2. What is the investor's breakeven point?

• 42 and
• 41 and 3/8
• 40
• 37 and

Question 29

What is the maximum profit that the writer of the call can make?

• the value of the stock
• the value of the call premium
• the difference between the stock value less the call premium
• the sum of the stock price and the call premium
• none of the above

Question 32

Which of the following is equivalent to the payoff associated with a short synthetic call?

• a long stock and a short put position
• a long put and a long stock position
• a long put and a short risk free bond position
• a long stock and a short risk free bond position
• none of the above