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Refer to the stock options on Apple in the Figure 2.9. Suppose you buy an August expiration call option with exercise price $350. If the

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Refer to the stock options on Apple in the Figure 2.9. Suppose you buy an August expiration call option with exercise price $350. If the stock price in August is $365, will you exercise your call? Yes No What is the net profit/loss on your position? (Input the amount as a positive value.) What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Would you exercise the call if you had bought the August call with the exercise price $355? Yes No What is the net profit/loss on your position? (Input the amount as a positive value.) What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) What if you had bought an August put with an exercise price of $350 instead? Would you exercise the put at a stock price of $350? Yes No What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)

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