Question
The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $41.20. Expiration Strike Last Volume Open Interest
The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $41.20. Expiration Strike Last Volume Open Interest Nov 19.00 3.00 2,156 11,579 a. Is the option in the money? b. What is the profit on this position? Profit $ c. Suppose that on the expiration date the stocks price is $17.00. Will you exercise the call option?
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Practical Financial Management
Authors: William R. Lasher
4th Edition
0324260768, 9780324260762
