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15. If you buy a call for $2 with a strike price of $20 when the stock is trading at $20 and the stock is
| 15. If you buy a call for $2 with a strike price of $20 when the stock is trading at $20 and the stock is at $24 when the option expires, what is your | |||||||||||
| rate of return on the call? How does that compare with the rate of return on the stock? | |||||||||||
| 16. Answer question 15 except the stock is at $22 when the option expires. | |||||||||||
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
