Consider the following information on options from the CBOE for Merck: MRK Oct 06, 2006 @ 14:40 ET (Data 20 Minutes Delayed) Calls Last Sale Net Bid Ask Vol Open Int Bid N/A 09 Jan 25.00 (VMK AE-E) 09 Jan 30.00 (VMK AF-E) 09 Jan 35.00 (VMK AG-E) 09 Jan 40.00 (VMK AH-E) 09 Jan 45.00 (VMK AI-E). 09 Jan 50.00 (VMK AJ-E) How many of the January 2009 call options are in-the-money? Ask N/A Puts Size N/A N/A Last Sale 41.95 +0.53 Vol 6650300 Net Bid Ask Vol Open Int 17.10 -0.30 17.30 17.50 21 214 09 Jan 25.00 (VMK ME-E) 0.80 pc 0.60 0.80 0 319 13.40 pc 13.20 13.400 417 09 Jan 30.00 (VMK MF-E) 1.40 +0.20 1.15 1.40 25 63 9.20 pc 9.60 10.000 591 09 Jan 35.00 (VMK MG-E) 2.35 pc 2.15 2.35 0 1173 6.50 +0.30 6.50 6.80 2 8422 09 Jan 40.00 (VMK MH-E) 3.80 4.20 pc 4.20 4.50 06123 09 Jan 45.00 (VMK MI-E) 6.40 2.80 po 2.35 2.75 04509 09 Jan 50.00 (VMK MJ-E) 9.30 pc 3.70 3.90 07174 pc 5.90 6.20 0 5513 pc 9.00 9.60 0982

Calculate the price weighted index value for 31 Dec 2020, prior to the splits. Shares W and X had 2 for 1 splits after the close on 31 Dec 2020. The pre-split divisor was 4. Share W X Y Z Select one: O A. 121.25 O B. 72.5 O C. 81.69 O D. 100.0 31-Dec-20 Closing Price $ 75.00 $ 150.00 $ 25.00 $ 40.00 31-Dec-20 Shares 10,000 5,000 20,000 25,000 31-Dec-21 Closing Price $50.00 $65.00 $35.00 $50.00 31-Dec-21 Shares 20,000 10,000 20,000 25,000

Consider the following limit order book. Limit buy order: Price Size 84.77 200 84.76 100 84.75 400   Limit Sell Order Price  Size 84.79 100 84.80 300 85.70 700 If you submitted a market sell order for 400 shares, how much would you receive?

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ZZ Industries: Price 34.36 Calls: Strike Symbol Last Chg Bid Ask Vol 30.00 ZZBF 4.30 1.07 4.30 4.40 62 32.50 ZZBZ 1.87 1.07 1.82 1.87 236 35.00 ZZBG .01 1.05 .00 .01 3119 Puts: Strike Symbol Last Chg Bid Ask 30.00 ZZNF 32.50 ZZNZ .01 .00 .00 .01 1.02 .00 35.00 ZZNG .60 1.14 .63 Multiple Choice $3.00 Vol 0 $4.00 .01 .01 .68 2637 562 Open Int 3,429 8,168 38,017 You want the right, but not the obligation, to sell 300 shares of ZZ Industries stock at a price of $32.50 a share. How much will it cost you to establish this option position? Open Int 7,258 34,972 19,686 Help Save & Exit Su

Following JPMorgan Chase's significant acquisition of First Republic Bank in 2023, how does the Efficient Market Hypothesis (EMH) explain the market's reaction to major corporate financial decisions, and what implications does this have for a company's approach to capital structure and dividend policy? Consider how information asymmetry between management and investors affects market efficiency, particularly during periods of banking sector stress, and analyze how the market's processing of complex financial information influences both the timing and structure of major corporate actions like acquisitions, stock buybacks, or dividend changes. Examine the relationship between market efficiency and the speed at which new information is incorporated into stock prices, especially in cases involving large financial institutions where systemic risks may be a concern.

Solve question b

Using the forward price approach to finish the following blanks. The expected closing basis was -$.15. And the actual closing basis was -$0.25. Date 1-Oct Cash Cash Price $6.30 Futures May Futures $6.75 Cost of holding from Oct 1 to May 1 (including interest) = $0.21 What is the forward price? What is the break-even price? What is the expected profit margin? = 1-Oct 1-May Sell Cash @ $6.40 Sell May Futures @ $6.75 Buy May Futures @ ? What is the futures price on May 1? What is the gain or loss on futures market result? = What is the gain or loss on cash market result? = What is the realized price (or net selling price)? = What is the overall profit? = What is the break-even price?

The following table lists prices of Amazon options in January 2018 when Amazon stock was selling for $1,200. Exercise Price Expiration Date April 2018 Call Price Put Price $ 31.10 $1,200 1,300 1,400 $1,200 1,300 1,400 $1,200 1,300 1,400 $132.70 73.20 70.10 134.20 $ 53.55 96.00 33.00 July 2018 $161.70 104.00 62.55 156.05 January 2019 $210.00 $ 88.05 155.35 133.25 112.00 190.00 Suppose that by January 2019, the price of Amazon could either rise from its January 2018 level to $1,200 × 1.25 = $1,500.00 or fall to $1,200/1.25 = $960.00. a. What would be your percentage return on a January expiration call option with an exercise price of $1,200 if the stock price rose? (Round your answer to 2 decimal places.) b. What would be your percentage return if the stock price fell? (Negative value should be indicated by a minus sign.) c. Which is riskier: the stock or the option? a. Percentage return b. Percentage return Which is riskier: the stock or the option? % (100) % Option C.

Which of the following is NOT traded by the CBOE?   Group of answer choices:   Weeklys   Monthlys   Binary options   DOOM options