You bought a call option with a strike price of $35.What is your total payoff on this option contract if the underlying stock is selling for $36.70 on the option expiration date?
A)$.00
B)$30.00
C)$33.00
D)$133.00
E)$170.00

Name: You bought a call option with a strike price of $35.What is your total payoff on this option contract if the underlying stock is selling for $36.70 on the option expiration date? A)$.00 B)$30.00 C)$33.00 D)$133.00 E)$170.00
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Question

Quizplus · Accepted Answer

Payoff = 100 × ($36.70 - $35) = $170

You Bought a Call Option with a Strike Price of $35.What