Question: Answer questions 11-16 using the below information. Apple Inc. is currently trading at $150. The table below gives some information on some of the options

Answer questions 11-16 using the below information. Apple Inc. is currently trading at $150. The table below gives some information on some of the options available on Apple. #1 #2 #3 Type Call Call Call Call Put Put #4 #5 Expiration 30 days 30 days 60 days 60 days 30 days 30 days 60 days 60 days Strike Price $150 $160 $150 $160 $150 $110 $150 $110 Price Premium $2.5 $1.5 $3.5 $3.0 $2.25 $1.25 $2.75 $1.75 #6 #7 Put #8 Put If in 30 days the price of Apple Inc. is $150, what will be the payoff of option #1? O $2.5 SO O $2.5 $10
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