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Tiffany Would Like to Own Shares of Blackwood, Inc

Question 125

Multiple Choice

Tiffany would like to own shares of Blackwood, Inc. but only if she can acquire them at a total cost of $30 a share or less. Blackwood is currently trading at $31.76. Cynthia should with a strike price of $30. Ignore transaction costs.


A) buy a call
B) buy a put
C) write a call
D) write a put

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