Use these option quotes to answer this question ZZ Industries Price 34 36 Calls Strike Symbol Last Chg Bid Ask Vol Open Int 30 00 ZZBF 4 30 07 4 30 4 40 62 3,429 32 50 ZZBZ 1 87 07 1 82 1 87 236 8,168 35 00 ZZBG 01 05 00 01 3119 38,017 Puts Strike Symbol Last Chg Bid Ask Vol Open Int 30 00 ZZNF 01 00 00 01 0 7,258 32 50 ZZNZ 01 02 00 01 562 34,972 35 00 ZZNG 60 14 63 68 2637 19,686 You would like to have the right to purchase 250 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 Top of Form Multiple Choice $103 11 $12 90 $374 00 $467 50 $561 00

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Question: Use these option quotes to answer this question: ZZ Industries: Price 34.36 Calls: Strike Symbol Last Chg Bid Ask Vol Open Int 30.00 ZZBF 4.30

Use these option quotes to answer this question:

ZZ Industries: Price 34.36

Calls:

Strike

Symbol

Last

Chg

Bid

Ask

Vol

Open Int

30.00

ZZBF

4.30

.07

4.30

4.40

3,429

32.50

ZZBZ

1.87

.07

1.82

1.87

236

8,168

35.00

ZZBG

.01

.05

.00

.01

3119

38,017

Puts:

Strike

Symbol

Last

Chg

Bid

Ask

Vol

Open Int

30.00

ZZNF

.01

.00

.01

7,258

32.50

ZZNZ

.01

.02

.00

.01

562

34,972

35.00

ZZNG

.60

.14

.63

.68

2637

19,686

You would like to have the right to purchase 250 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?

Top of Form

Multiple Choice

$103.11

$12.90

$374.00

$467.50

$561.00

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