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Michelle sells a call option on ABC stock for $1.75 with a strike price of $40. Today, ABC is trading at $44. The holder of
Michelle sells a call option on ABC stock for $1.75 with a strike price of $40. Today, ABC is trading at $44. The holder of the option chooses to exercise. What is Michelle's return? (Use $1.75 as initial equity invested) A) 80% B) 100% C) 129% D) 60% Step by Step Solution
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
