Question
An investor buys 1 ABC July 45 call at $5. When ABC increases to 55, the call is exercised and the stock is immediately sold.
An investor buys 1 ABC July 45 call at $5. When ABC increases to 55, the call is exercised and the stock is immediately sold. What is the result?
| a. A loss of $500. | ||
| b. A profit of $500. | ||
| c. A loss of $1,000. | ||
| d. A profit of $1,000. |
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Faith Family And Finances Strong Foundations For A Better Life
Authors: Henry Fernandez, Kenneth Copeland
1st Edition
1603742808, 978-1603742801
