What is the current price per underlying share if you wish to buy a June $32.50 call option on General Electric stock?
A) $0.68
B) $0.70
C) $0.73
D) $1.60
E) $1.62

Question

What is the current price per underlying share if you wish to buy a June $32.50 call option on General Electric stock? 
A) $0.68 
B) $0.70 
C) $0.73 
D) $1.60 
E) $1.62

Quizplus · Accepted Answer

The June $32.50 call option has a premium of $0.70. This means that the buyer of the option will pay $0.70 per underlying share if they wish to exercise the option and purchase the shares at the strike price of $32.50.

What Is the Current Price Per Underlying Share If You