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The following quotes were observed for options on a given stock on November 30, 2018. These are American calls. Calls Puts Strike Nov Dec Jan

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The following quotes were observed for options on a given stock on November 30, 2018. These are American calls. Calls Puts Strike Nov Dec Jan Nov Dec Jan 105 8.40 10 11.50 5.30 1.30 2.00 110 4.40 7.10 8.30 0.90 2.50 3.80 115 1.50 3.90 5.30 2.80 4.80 4.85 The stock price today is $113.25 7. If you were to buy the November 105 call, how much would you pay to buy one contract? a. $840.00 b. $8.40 c. $8.25 d. $825.00 8. If you owned one contract of the December 110 put, what cash flow would you get if you exercised it immediately? a. $o b. $325.00 C. $3.25 d.-$325.00

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