1. Use these option quotes to answer this question: ZZ Industries: Price 34.36 You would like to have the right to purchase 300 shares of ZZ Industries stock at a price of $32.50 a share. How much will it cost you to buy options to meet this objective?

   		$103.11
   		$12.90
   		$187.00
   		$430.00
   		$561.00

Chg Calls: Strike Symbol 30.00 ZZBF 32.50 ZZBZ 35.00 ZZBG 10.07 Last 4.30 1.87 .01 10.07 10.05 Bid 4.30 1.82 .00 Ask 4.40 1.87 .01 Vol 62 236 3119 Open Int 3,429 8,168 38,017 Puts: Strike Symbol Last 30.00 ZZNF .01 32.50 ZZNZ .01 35.00 ZZNG .60 Chg .00 10.02 10.14 Bid .00 .00 .63 Ask .01 .01 .68 Vol 0 562 2637 Open Int 7,258 34,972 19,686