Question
Jason is an investor who owns 1 share of XYZ and a sold a call option on 1 share of XYZ. The exercise price of
Jason is an investor who owns 1 share of XYZ and a sold a call option on 1 share of XYZ. The exercise price of the put option is $100 and XYZ currently trades at $99. The option premium was $3. If the price of XYZ at expiration is $50, the payoff of Jasons position is:
-$3
$0
$100
$50
$99
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
