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24. The list stock Option quotes from the Wall street Journal Today (a). If you purchase the right to sell 500 shares of IBM stock

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24. The list stock Option quotes from the Wall street Journal Today (a). If you purchase the right to sell 500 shares of IBM stock in March at a strike price of $100 per share, how much would earn from your investment? (Put / Last =$5.50 /sh.) (b). If you wanted to purchase the right to buy 1,000 shares in June at a strike price of $115 per share. How much would you earn from your investment? (Call / Last =$6.50 /sh.) (c). If you wanted to purchase the right to sell 600 shares in June at a strike price of $115 per share. How much would you earn from your investment? (Call / Last =$10.25/ sh.) 7

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