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Billy purchased 100 shares of LMN stock for $14 per share. A few months later, he sold one LMN Nov 18 call for a premium
Billy purchased 100 shares of LMN stock for $14 per share. A few months later, he sold one LMN Nov 18 call for a premium of $2. Billy was assigned when the stock traded at $20 per share. What is his overall gain/loss as a result of employing this strategy?
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Investments Analysis And Management
Authors: Charles P. Jones, Gerald R. Jensen
13th Edition
1118975588, 9781118975589
