You bought four call option contracts with a strike price of $48.25 and an option premium of $1.30. At expiration, the stock was selling for $51.30 a share and you exercised your option. What is your total cost basis in the acquired shares?
A)$23,150
B)$19,820
C)$23,750
D)$24,250
E)$26,250

Question

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The Answer of You bought four call option contracts with a strike price of $48.25 and an option premium of $1.30. At expiration, the stock was selling for $51.30 a share and you exercised your option. What is your total cost basis in the acquired shares?
A)$23,150
B)$19,820
C)$23,750
D)$24,250
E)$26,250

You Bought Four Call Option Contracts with a Strike Price