Question 4 question bank id 86046 type multiple

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QUESTION: 4 [QUESTION BANK ID: 86046] CORRECT Suppose you believe that Johnson Company's stock price is going to increase from its current level of $22.50 sometime during the next 5 months. For $310.25 you can buy a 5-month call option giving you the right to buy 100 shares at a price of $25 per share. If you buy this option for $310.25 and Johnson's stock price actually rises to $45, what would your pre-tax net profit be? TYPE: MULTIPLE CHOICE << HIDE ANSWERS A
-$310.25 B $1,689.75 C $1,774.24 D $1,862.95 E $1,956.10 QUESTION: 5 [QUESTION BANK ID: 15697] INCORRECT Which of the following statements is CORRECT? TYPE: MULTIPLE CHOICE << HIDE ANSWERS B C D E
QUESTION: 6 [QUESTION BANK ID: 118014] CORRECT Which of the following statements is CORRECT? TYPE: MULTIPLE CHOICE << HIDE ANSWERS
B C E

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