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Please show work in Excel. An investor purchases 100 shares of ABC stock, and writes a covered call on the stock with a strike price
Please show work in Excel.
An investor purchases 100 shares of ABC stock, and writes a covered call on the stock with a strike price of $100.00. The investor receives a premium of $3.00 on the calls. On the expiration date of the calls, the stock closes at $95.00. What is this investor's total profit? $500 profit $500 loss $300 profit $200 profitStep by Step Solution
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