Katie purchased 6 call options on Atlas Co.stock with a strike price of $40.00.On the expiration date,the stock was priced at $38.95 a share.What is the total payoff on the option contracts?
A) -$220.00
B) -$55.00
C) $0.00
D) $2.20
E) $55.00
Correct Answer:
Verified
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