Use these option quotes to answer this question:

Strike	Symbol	Last	Chg			Bid	Ask		Vol		Open Int
47.50	JLHW.X	6.00		0.25		5.90		6.10		18		12
50.00	JLHJ.X	4.75		0.30		4.80		5.00		17		14

17) What price will you receive (per underlying share) if you sell the 47.50 call option on JL stock?

A) $4.80

B) $5.00

C) $5.90

D) $6.00

E) $6.10

18) You purchased three call option contracts with a strike price of $22.50 and an option premium of $0.45. You held the option until the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position? One call option is 100 shares of stock.

A) -$45

B) $0

C) -$240

D) -$120

E) -$135

19) You bought six call option contracts with a strike price of $25.00 and a premium of $0.45. At expiration, the stock was selling for $23.75 a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date? One call option is 100 shares of stock.

A) -$9.24

B) -$10.20

C) $0

D) -$270

E) -$450