Question
Henrypurchased a call option with an exercise price of $45 for a premium of $5.Before the option expired,the stock pricerose to$52 and Henry exercised his
Henrypurchased a call option with an exercise price of $45 for a premium of $5.Before the option expired,the stock pricerose to$52 and Henry exercised his option.What was the return (not annualized) to Henry?
50.0percent
35.0 percent
75.0percent
25.0 percent
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
