Question
An investor agrees to buy 100 shares of a retail stock at a price of $12 per share in exactly 9 months. On the maturity
An investor agrees to buy 100 shares of a retail stock at a price of $12 per share in exactly 9 months. On the maturity date of the agreement, the share price is $10 per share. The investor's profit or looss is closest to:
A. $-200
B. $+200
C. $-1,200
D. $1,200
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
