Cazden motors' stock is trading at $30 a share. call options on the company's stock are also available, some with a strike price of $25 and some with a strike price of $35. both options expire in three months. which of the following best describes the value of these options? select one: a. the options with the $25 strike price will sell for less than the options with the $35 strike price. b. the options with the $25 strike price have an exercise value greater than $5. c. the options with the $35 strike price have an exercise value greater than $0. d. if cazden's stock price rose by $5, the exercise value of the options with the $25 strike price would also increase by $5. e. the options with the $25 strike price will sell for $5.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.