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The table below contains the option quote information for a company called RWJ Corp. The stock shares of RWJ Corp. can be bought or sold
The table below contains the option quote information for a company called RWJ Corp. The stock shares of RWJ Corp. can be bought or sold in today's market for $64. In the table below, "last" means the most recently available purchase price for that option.
\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{l} Option \\ and \\ NY Close \\ RWJ \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{c} Expiration in \\ year 2023 \end{tabular}} & \multirow[b]{2}{*}{\begin{tabular}{l} Strike \\ Price \end{tabular}} & \multicolumn{2}{|c|}{ Calls } & \multicolumn{2}{|c|}{ Puts } \\ \hline & & & Vol. & Last & Vol. & Last \\ \hline & & & & & & \\ \hline & Mar & 59 & 234 & 3.60 & 164 & 3.70 \\ \hline & Apr & 59 & 174 & 9.45 & 131 & 8.45 \\ \hline & Jul & 59 & 143 & 10.30 & 47 & 11.45 \\ \hline & Oct & 59 & 64 & 11.20 & 15 & 10.85 \\ \hline \end{tabular} c. In the table above, two of the options are not priced correctly, i.e., are either more expensive or cheaper than what they should sell for. Which two? (Select all that apply)Step by Step Solution
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