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Use These Option Quotes to Answer This Question

Question 61

Multiple Choice

Use these option quotes to answer this question:
Use these option quotes to answer this question: -You want the right,but not the obligation,to sell 400 shares of ZZ Industries stock at a price of $32.50 a share.How much will it cost you to establish this option position? A) $3.50 B) $4.00 C) $3.60 D) $3.78 E) $3.82
-You want the right,but not the obligation,to sell 400 shares of ZZ Industries stock at a price of $32.50 a share.How much will it cost you to establish this option position?


A) $3.50
B) $4.00
C) $3.60
D) $3.78
E) $3.82

Correct Answer:

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