Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

APPLE MARKET VALUE = $115.05 CALLS EXP DATE: DEC 4, 2020 PUTS LAST PRICE STRIKE PRICE LAST PRICE 7.10 113.00 5.75 7.10 114.00 6.00 6.60

APPLE MARKET VALUE = $115.05

CALLS

EXP DATE: DEC 4, 2020

PUTS

LAST PRICE

STRIKE PRICE

LAST PRICE

7.10

113.00

5.75

7.10

114.00

6.00

6.60

115.00

6.82

6.20

116.00

8.10

5.70

117.00

8.45

5.09

118.00

8.55

If you are long in the put contract with strike price of 116.00, what will be your profit or loss in the contract, if at expiration date the market value of AAPL is $106.20

PRESENT YOUR ANSWER ROUNDED TO ZERO DECIIMAL PLACES.

DON'T USE COMMA SEPARATORS, IF A LOSS USE MINUS SIGN EX -1200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Creating Value Along the Supply Chain

Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi

1st Canadian Edition

978-1-118-3011, 1118942051, 1118942055, 978-1118301173

More Books

Students also viewed these Finance questions