Question
Emily wrote an uncovered call option with an exercise price of $40 and received $300 for the contract. When the price of the stock reached
Emily wrote an uncovered call option with an exercise price of $40 and received $300 for the contract. When the price of the stock reached $55, the call option holder decided to exercise the call. Ignoring commissions and taxes, what would Emily's dollar return on this investment be?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
