Question
15. Suppose you long one TI May 75 call quoted at $8.50 and write one TI May 80 call quoted at $6. If, at expiration,
15. Suppose you long one TI May 75 call quoted at $8.50 and write one TI May 80 call quoted at $6. If, at expiration, the price of a share of TI stock is $79, your profit would be _________.
A. $400 B. $600 C. $1,850 D. $150
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Foundations Of Business Finance
Authors: Peyton Foster Roden
2nd Edition
0873932420, 9780873932424
