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With probability 2.37%, the price of DAL (Delta Airlines) is $462.63. With the complement probability, the price of Delta is $0.00. The price of Delta
With probability 2.37%, the price of DAL (Delta Airlines) is $462.63. With the complement probability, the price of Delta is $0.00. The price of Delta today is $283.38.
The CCIR is 8.74%.
Paula has $129.63 available to invest. If Paula uses all her cash to buy ONE CALL option on DAL, what is the lowest strike price on such option that she can afford?
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