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CHAPTER 7: ADVANCED OPTION STRATEGIES MULTIPLE CHOICE TEST QUESTIONS The following prices are available for call and put options on a stock priced at $50. The risk-free rate is 6 percent and the volatility is .35. The March options have 90 days remaining and the June options have 180 days remaining. The Black-Scholes model was used to obtain the prices. Calls Puts Strike March June March June 45 6.84 8.41 1.18 2.09 50 3.82 5.58 3.08 4.13 55 1.89 3.54 6.08 6.93 Use this information to answer questions 1 through 20. Assume that each transaction consists of one contract (100 options)