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Use These Option Quotes for JL Stock to Answer This

Question 59

Multiple Choice

Use these option quotes for JL stock to answer this question:
 Strike  Symbol  Lagt  Chy  Bid  Agk  Vol  Open Int 47.50 JLWH.x 6.00.255.906.10181250.00 JLHJ.x 4.75.304.805.001714\begin{array} {cccccccc} \text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \\47.50 & \text { JLWH.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \\50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14\end{array}
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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) $6.00.

Correct Answer:

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