39. What is the cost of five November 25 call option contracts on KNJ stock given the following price quotes? 40. What is the value of one November 35 put contract? 41. What is the intrinsic value of the August 25 call? KNJ (KNJ) Underlying stock price: 30.86 Call Put Expiration Aug Nov Strike Last Last 25 6.15 .05 25 6.60 .10 Aug Nov 35 .10 4.60 35 .70 5.10

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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39. What is the cost of five November 25 call option contracts on KNJ stock given the following price
quotes?
40. What is the value of one November 35 put contract?
41. What is the intrinsic value of the August 25 call?
KNJ (KNJ)
Underlying stock price: 30.86
Call
Last
Put
Expiration
Aug
Strike
Last
25
6.15
.05
Nov
25
6.60
.10
Aug
Nov
35
.10
4.60
35
.70
5.10
Transcribed Image Text:39. What is the cost of five November 25 call option contracts on KNJ stock given the following price quotes? 40. What is the value of one November 35 put contract? 41. What is the intrinsic value of the August 25 call? KNJ (KNJ) Underlying stock price: 30.86 Call Last Put Expiration Aug Strike Last 25 6.15 .05 Nov 25 6.60 .10 Aug Nov 35 .10 4.60 35 .70 5.10
39. What is the cost of five November 25 call option contracts on KNJ stock given the following price
quotes?
40. What is the value of one November 35 put contract?
41. What is the intrinsic value of the August 25 call?
KNJ (KNJ)
Underlying stock price: 30.86
Call
Last
Put
Expiration
Aug
Strike
Last
25
6.15
.05
Nov
25
6.60
.10
Aug
Nov
35
.10
4.60
35
.70
5.10
Transcribed Image Text:39. What is the cost of five November 25 call option contracts on KNJ stock given the following price quotes? 40. What is the value of one November 35 put contract? 41. What is the intrinsic value of the August 25 call? KNJ (KNJ) Underlying stock price: 30.86 Call Last Put Expiration Aug Strike Last 25 6.15 .05 Nov 25 6.60 .10 Aug Nov 35 .10 4.60 35 .70 5.10
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