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BUMILIS, Commodities decemb D Question 80 1 pts Hole-in-the-Wall Dart Manufacturing Inc. is a company which you had followed, and you believed would go up
BUMILIS, Commodities decemb D Question 80 1 pts Hole-in-the-Wall Dart Manufacturing Inc. is a company which you had followed, and you believed would go up very rapidly in the near future due to their improved model of dart which was about to be released. A while ago, the stock was trading at $4.50 per share and there were options available for the price of $0.50 per share which would allow you to buy at a strike price of $5.50. You purchased 3 of them. Today, these same options are trading for $8, and the market price of the company is $12.75 per share. Assuming you sold today, and there were no commissions on either purchase or sale of the options, how much total profit have you earned on the sale? $12.00 $2,400.00 $22.50 $24.00 $2,250.00 Question 81 1 pts
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