Answer: $670
Explanation:
Since the quoted price of $.35, the cost to purchase two WXO 30 call option will be: = $0.35 × 2 = $0.70
Then, the price of RADM 30 call option contract will be calculated as;
= $33.7 - $30
= $3.70
The net gain on one RADM 30 call option will then be:
= $3.70 - $0.35
= $3.35.
Therefore, the net gain on 2 RADM30 call options will be:
= $3.35 × 2
= $6.70
Since there are 100 shares in a option contract, the gain will be:
= $6.70 × 100
= $670
Answer:
b). The average value of the 30 blue-chip stocks is down by 3.2%.
Explanation:
'Dow Jones Industrial Average' also known as 'DJIA' is characterized as the standard indicator to denote the stock-market prices of the shares of the major companies associated with blue-chip in the United States.
As per the question, a down or fall in DJIA by 3.2% would indicate that the stock prices of the companies trading with 'blue-chip' have faced a reduction in their share prices by 3.2% for that day. So, this allows the investors to keep a check on the stock prices and invest accordingly whenever they find it profitable. Thus, <u>option b</u> is the correct answer as the other options fail to convey this idea rather they either talk about the loss of value instead of decrease(in options a and c) or disassociates the entire concept with the stock market(in option d).
Hello there.
What is the amount of money you still owe to their credit card company called
Credit card balance is the amount of money you still owe to their credit card company
Answer:
Patriots net income for the year = $245,000
Explanation:
Data provided in the question:
Revenue of Patriot Partners during the year = $245,000
Expenses of Patriot Partners during the year = $120,000
Declared dividends by Patriot Partners = $40,000
Now,
The Patriots net income for the year will be
= Revenue of Patriot Partners - Expenses of Patriot Partners
or
Patriots net income for the year = $245,000 - $120,000
or
Patriots net income for the year = $125,000
