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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 own 700 shares of ZZ Industries stock which you purchased for $38.40 a share. You would like to have the right to sell your shares for $35.00 a share. What will be the cost to obtain this right?

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