Exhibit 22.7 Use the Information Below for the Following Problem(S)

Multiple Choice

Exhibit 22.7
Use the Information Below for the Following Problem(S)
GE Corporation has a put option selling for $2.90 and a call option selling for $1.95, both with a strike price of $29.00.
-Refer to Exhibit 22.7.What would the net value of a covered call position be if the stock price at expiration is $35?

A) $29.00
B) $30.65
C) $33.55
D) $36.00
E) $36.65