Question
Covered Call Strategy: Carlos purchased 100 shares of stock in Company Alpha for $20 a share. He recently sold a call on the stock for
Covered Call Strategy:
Carlos purchased 100 shares of stock in Company Alpha for $20 a share. He recently sold a call on the stock for $1.75 with a strike price of $36. The stock has since increased in price to $43 per share. How much will Carlos make on this stock if the option is excercised?
The total profit Carlos wil make is____.
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305838
