Question
Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the expiry date the market price, or spot price,
Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the expiry date the market price, or spot price, is $6.23. Each contract consists of 100 shares.
What would Dale's profit be if he exercised his options?
Dale paid a premium of $0.40 per share.
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
