Multiple Choice
Use the table for the question(s) below.
Consider the following information on options from the CBOE for Merck:
-Assume you want to buy one options contract that with an exercise price closest to being at-the-money and that expires January 2009. The current price that you would have to pay for such a contract is ________.
A) $680
B) $380
C) $650
D) $420
Correct Answer:

Verified
Correct Answer:
Verified
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