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Use these option quotes to answer the following question: MPC: Current Price 42.61 Call Options Strike 42.50 45.00 47.50 50.00 52.50 Symbol MPC121020C00042500 MPC121020C00045000

 

Use these option quotes to answer the following question: MPC: Current Price 42.61 Call Options Strike 42.50 45.00 47.50 50.00 52.50 Symbol MPC121020C00042500 MPC121020C00045000 MPC121020C00047500 MPC121020C00050000 MPC121020C00052500 Put Options Strike 27.50 30.00 32.50 35.00 40.00 45.00 Symbol MPC121020P00027500 MPC121020P00030000 MPC121020P00032500 MPC121020P00035000 Last 5.60 3.73 +0.23 0.00 MPC121020P00040000 MPC121020P00045000 Chg 0.00 3.40 2.04 +0.16 1.60 +0.09 Last 0.70 1.00 1.65 2.16 3.60 6.40 Expire at close 18th, Friday, November, 2022 Bid 4.70 3.60 2.65 1.95 1.40 Ask 5.00 3.80 2.90 2.15 1.60 Bid 0.70 1.05 1.50 2.05 3.80 6.30 http://finance.yahoo.com/q?s=MPC121020C00052500d Friday, November, 2021 Chg Vol Open Int 0.00 10 10 0.00 10 30 0.00 10 10 +0.20 10 51 0.00 10 0.00 3 Ask 0.85 1.20 1.65 2.25 Vol Open Int 1 4 4.00 6.60 42 20 1 10 1 164 6 47 16 307 You would like to have a right to purchase 100 shares of MPC stock in November of 2022, you are concerned that there could be a large price increase and would like to be able to buy MPPC at $45.00 a share. How much will it cost you to buy options to meet this objective?

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