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 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
E)$450

Question

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 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 
E)$450

Quizplus · Accepted Answer

The price of $680 is the closest to being at-the-money for an options contract expiring in January 2009, as it is typically the most expensive due to its proximity to the current market price.

Use the Table for the Question(s)below