Multiple Choice
You purchased four call option contracts with a strike price of $24.00 and a premium of $1.30. At expiration, the stock was selling for $25.50 a share. What is the total amount it cost you to acquire your shares?
A) $8,620
B) $10,000
C) $10,500
D) $11,860
E) $10,120
Correct Answer:
Verified
Correct Answer:
Verified
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