Question
Suppose PTR stock is currently selling for $50 and the call with a $60 strike price on the stock is selling for $1.00. You decide
Suppose PTR stock is currently selling for $50 and the call with a $60 strike price on the stock is selling for $1.00. You decide to set up a covered call using the PTR stock and the call.
If the price of the stock rises to $75, what is the total value of your portfolio (stock value plus option profit)?
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
