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The Toronto-Dominion Bank (TD) NYSE - NYSE Delayed Price. Currency in USD 48.37 +2.12 (+4.58%) At close: June 5 4:00PM EDT Calls for October 16,

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The Toronto-Dominion Bank (TD) NYSE - NYSE Delayed Price. Currency in USD 48.37 +2.12 (+4.58%) At close: June 5 4:00PM EDT Calls for October 16, 2020 Puts for October 16, 2020 Strike Last Price Bid Ask Strike Last Price Bid Ask 45.00 5.10 3.20 5.40 42.50 2.00 0.80 2.05 47.50 3.71 2.25 3.90 45.00 3.70 1.45 2.90 50.00 2.53 1.25 2.55 47.50 3.80 1.70 4.00 52.50 1.55 0.90 2.00 50.00 6.50 2.90 5.30 Using the TD option quotes shown above, suppose you buy two call options with an exercise price of $47.50 and write one put option with an exercise price of $45. Assume the usual size for option contracts. Your net payment or receipt will be Select one: O a. receive $145 O b. pay $390 O c. pay $245 O d. receive $780 O e. pay $635

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