Use these option quotes to answer this question:

-You would like to have the right to purchase 200 shares of ZZ Industries stock at a price of $32.50 a share.How much will it cost you to buy options to meet this objective?
A) $103.11
B) $12.90
C) $374.00
D) $430.00
E) $561.00

Question

Use these option quotes to answer this question:
 
-You would like to have the right to purchase 200 shares of ZZ Industries stock at a price of $32.50 a share.How much will it cost you to buy options to meet this objective?
A) $103.11 
B) $12.90 
C) $374.00 
D) $430.00 
E) $561.00

Quizplus · Accepted Answer

Option premium = 200 × $1.87 = $374

Use These Option Quotes to Answer This Question