Question
2. The Ajax company common stock is selling for $44.95 and pays a quarterly dividend of $0.12. The stock traded ex-dividend on 4/15/2016. Your best
2. The Ajax company common stock is selling for $44.95 and pays a quarterly dividend of $0.12. The stock traded ex-dividend on 4/15/2016. Your best friend works on the production line at Ajax and is complaining about working 20 hours per week of overtime for the past 6 weeks and it looks like it will continue until June. You noticed that Ajax has May options at the 45 strike selling at 2.10; the 50 strike selling at 1.05. You currently have $2,000 in you brokerage account which is available for an investment lasting no more than six weeks. Compare your investment alternatives and indicate which one would be your choice and why.
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