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Use These Option Quotes to Answer This Question

Question 72

Multiple Choice

Use these option quotes to answer this question:
Use these option quotes to answer this question: -You own 700 shares of ZZ Industries stock which you purchased for $38.40 a share.You would like to have the right to sell your shares for $35.00 a share.What will be the cost to obtain this right? A) $0.40 B) $0.90 C) $7.00 D) $476.00 E) $900.00
-You own 700 shares of ZZ Industries stock which you purchased for $38.40 a share.You would like to have the right to sell your shares for $35.00 a share.What will be the cost to obtain this right?


A) $0.40
B) $0.90
C) $7.00
D) $476.00
E) $900.00

Correct Answer:

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