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Use These Option Quotes for JL Stock to Answer This

Question 75

Multiple Choice

Use these option quotes for JL stock to answer this question:
 Strike  Symbol  Lagt  Chy  Bid  Agk  Vol  Open Int 47.50 JLHW.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 { JLHW.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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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) $6.00
E) $6.10

Correct Answer:

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