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On July 1, the December oil futures is trading at $94. On that date, Tom longs one futures and also bought a December oil
On July 1, the December oil futures is trading at $94. On that date, Tom longs one futures and also bought a December oil call option with strike price 100 for $5. On expiration date, the December futures price rose to 102. a) What is his profit on his futures position by expiration date? b) What is his profit on his call position by expiration date?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
