Question
24.You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until the expiration
24.You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position?
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Multiple Choice
$45
$0
$240
$120
$135
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
