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Aaron purchased a call on 35,000 bushels of corn with a strike price of $1.98. On the expiration date, the corn was selling at $2.10
Aaron purchased a call on 35,000 bushels of corn with a strike price of $1.98. On the expiration date, the corn was selling at $2.10 per bushel. What is Aaron's payoff on the call contract?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
