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What Is the Cost of Five November 25 Call Option

Question 44

Multiple Choice

What is the cost of five November 25 call option contracts on KNF given the following price quotes?
KNJ (KNJ) Underlying share price: 30.86
CallPutExpirationStrikeLastLast Aug 256.15.05 Nov 256.60.10 Aug 35.104.60 Nov 35.705.10\begin{array}{|l|l|l|l|}\hline && Call & Put \\\hline Expiration&Strike&Last&Last\\\hline \text { Aug } & 25 & 6.15 & .05\\\hline \text { Nov } & 25 & 6.60 & .10 \\\hline \text { Aug } & 35 & .10 & 4.60 \\\hline \text { Nov } & 35 & .70 & 5.10\\\hline\end{array}


A) €615
B) €660
C) €2,500
D) €3,075
E) €3,300

Correct Answer:

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