Question
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?
a) $4,200
b) $2,100
c) $0
d) -$2,100
e) -$4,200
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
