Question
Ellen purchases a PQR December 45 Call on October 4, 2019, for $400. The option gave her the right to buy 100 shares of PQR
Ellen purchases a PQR December 45 Call on October 4, 2019, for $400. The option gave her the right to buy 100 shares of PQR stock for $45 a share. She sold the option for $500 on December 17, 2019, when the price of the stock was $48 a share. Ellen will report a capital gain of __________ on her 2019 return.
a. $0
b. $100
c. $150
d. $200
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
3rd Edition
0073382426, 9780073382425
