a. You think that shares of MSFT will rise in price in the future, and you want
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a. You think that shares of MSFT will rise in price in the future, and you want to speculate in the stock. Compare (graphically) the following two alternatives: purchasing 1,000 MSFT options with an exercise price of $24 versus purchasing 1,000 MSFT options with a strike of $27.
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Related Book For 
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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