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You Bought Six Call Option Contracts with a Strike Price

Question 11

Multiple Choice

You bought six call option contracts with a strike price of $25.00 and a premium of $0.45.At expiration,the stock was selling for $23.75 a share.What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?


A) -$9.24
B) -$10.20
C) $0
D) -$270
E) -$450

Correct Answer:

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