Question
A long strangle is created on a $49.20 stock with a call with an exercise price of $55 and premium of $2.63 and a put
A long strangle is created on a $49.20 stock with a call with an exercise price of $55 and premium of $2.63 and a put with an exercise price of $35 and a premium of $1.14. If the stock price is $20.45 at maturity, what is the net before-tax per share dollar return on this position?
Round the answer to two decimals.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
812970224X, 9788129702241
