Question
Mandy bought 5 call option contracts for NAB shares, with a strike price of $11.59. At the expiry date the market price, or spot price,
Mandy bought 5 call option contracts for NAB shares, with a strike price of $11.59. At the expiry date the market price, or spot price, is $15.56. Each contract contains 100 shares.
What would Mandy's profit be if she exercised her option?
Mandy paid a premium of $0.50 per share.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
