Question
Suppose you purchase three call contracts on Macron Technology stock. The strike price is $60, and the premium is $3.60. If, at expiration, the stock
| Suppose you purchase three call contracts on Macron Technology stock. The strike price is $60, and the premium is $3.60. If, at expiration, the stock is selling for $68 per share, what are your call options worth? What is your net profit? (Omit the "$" sign in your response.) |
| Call options worth | $ |
| Net profit | $ |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
7th Canadian Edition
1259650650, 978-1259650659
