Question: ***Answer is D according to test bank. Need help understanding how to get this answer.*** 54. A stock has a spot price of $55. Its

***Answer is D according to test bank. Need help understanding how to get this answer.*** ***Answer is D according to test bank. Need help understanding how

54. A stock has a spot price of $55. Its May options are about to expire. One of its puts is worth $5 and one of its calls is worth $10. The exercise price of the put must be price of the call must be A. $50; $45 B. $55; $55 C. $60; $45 D s60, $50 E. One cannot tell from the information given. and the exercise .. Ali,ad ainc in 1n) chares of Amazin stock uDon which they do not wish to nav 54. A stock has a spot price of $55. Its May options are about to expire. One of its puts is worth $5 and one of its calls is worth $10. The exercise price of the put must be price of the call must be A. $50; $45 B. $55; $55 C. $60; $45 D s60, $50 E. One cannot tell from the information given. and the exercise .. Ali,ad ainc in 1n) chares of Amazin stock uDon which they do not wish to nav

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