Multiple Choice
You bought four call option contracts with a strike price of $48.25 and an option premium of $1.30. At expiration, the stock was selling for $51.30 a share and you exercised your option. What is your total cost basis in the acquired shares?
A) $23,150
B) $19,820
C) $23,750
D) $24,250
E) $26,250
Correct Answer:
Verified
Correct Answer:
Verified
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