Use these option quotes to answer this question:

-The price you will pay (per underlying share)to buy the 50 call option on JL stock is:
A) $4.75.
B) $4.80.
C) $5.00.
D) $5.90.
E) $6.00.

Question

Use these option quotes to answer this question:
 
-The price you will pay (per underlying share)to buy the 50 call option on JL stock is:
A) $4.75. 
B) $4.80. 
C) $5.00. 
D) $5.90. 
E) $6.00.

Quizplus · Accepted Answer

The call option code "JL Jan 50 C" shows a bid price of $4.80 and an ask price of $5.00. The price you pay to buy the option is the ask price, which is $5.00. Therefore, the correct answer is C.

Use These Option Quotes to Answer This Question