Teresa purchased a call option on 100 shares of a stock for $250. The option allows her
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Teresa purchased a call option on 100 shares of a stock for $250. The option allows her to purchase the stock for $40 per share if she exercises the option by December 31. On December 15, the stock rises to $60 per share, and Teresa exercises the option. What is Teresa’s return?
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Teresas return was 700 Selling p...View the full answer
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