Use these option quotes to answer this question: Strike Symbol Last Chg Bid Ask Vol Open Int 47.50 JLHW.X 6.00 10.25 5.90 6.10 18 12 50.00 JLHJX 4.75 10.30 4.80 5.00 17 14 1. The price you will pay (per underlying share) to buy the 50 call option on JL stock is: A. $4.75. B. $4.80. C. $5.00. D. $5.90. E. S6.00. To buy an option you pay the Ask price. Use the following information for the next three problems: 2. What price will you receive (per underlying share) if you sell the 47.50 call option on JL stock? A. $4.80 B. $5.00 C. $5.90 D. S6.00 E. S6.10 When you sell an option you receive the bid. 3. What was the prior day's closing price on the 50 call option on JL stock? A. $4.45 B. $4.75 C. $5.05 D. $5.10 E. $5.30