Question
Tunerecord Unit Co. stock is currently trading at $24. There are two types of options available on the stock. Call options with a strike price
Tunerecord Unit Co. stock is currently trading at $24. There are two types of options available on the stock. Call options with a strike price of $24, which expire next year, are currently trading at $9.6. Put options with a strike price of $24, which expire next year, are currently trading for $2.4. Berniss invests $144 in common stock. Jewel invests $144 in the call options. Reynardo invests $144 in the put options. At the end of one year the price of Tunerecord Unit stock is $21.6. Who made the least losses from their investment?
Group of answer choices
Berniss and Jewel tied
Jewel
Reynardo
Berniss
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