Question

GE Number of shares 300,000, Closing price $50; Boeing Number of shares 250,000, Closing price $75; Microsoft Number of shares 220,000, Closing price $45; Oracle Number of shares 45,000, Closing price $33; Honewell Number of shares 80,000, Closing price $57. This is the AMC Mutual Fund portfolio after market closing for 4/10/20. The fund's total expense incurred today is $35,000. Calculate the NAV for the mutual fund.*

Option

55.53

55.49

49.93

51.55

Question

An European call option on Apple stock with $3 premium and $55 strike price is being offered. The stock price is $52 and option expiration date is 5 months. The t-bill rate is 10% per annum. What is the theoretical minimum of this option's premium?*

Option

-0.74

0.74

0.74

2.26

None of the above

Question

I am speculating that the price of Wells Fargo stock will go up next month due to some favorable regulatory change. What type of option I should choose to take a long position in the market for future gain?*

Option

Call

Put

Both

None