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Use the Table for the Question(s)below

Question 5

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Use the table for the question(s)below.
Consider the following information on options from the CBOE for Merck: Use the table for the question(s)below. Consider the following information on options from the CBOE for Merck: -You have decided to buy ten January 2009 call options on Merck with an exercise price of $45 per share.How much will this transaction cost and are these contracts in or out of the money?
-You have decided to buy ten January 2009 call options on Merck with an exercise price of $45 per share.How much will this transaction cost and are these contracts in or out of the money?

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If you buy 10 call option contracts you ...

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