Question
31. You bought six call option contracts with a strike price of $25.00 and a premium of $0.45. At expiration, the stock was selling for
31. You bought six call option contracts with a strike price of $25.00 and a premium of $0.45. At expiration, the stock was selling for $23.75 a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
