Question
On Jan. 15 you bought 500 shares of XYZ at $63 per share. On Feb. 15 you sold 5 call option contracts on XYZ expiring
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On Jan. 15 you bought 500 shares of XYZ at $63 per share. On Feb. 15 you sold 5 call option contracts on XYZ expiring on Sep. 21 with a strike price of $68.for $1.5 per share. On Sep. 21 (option expirtion date) the stock closed at $70 per share. What is your net profit/(loss) at option expiration (including the book gain/loss on your XYZ shares)?
$3,250
$2,500
$750
$4,250
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
