Question
XYZ CORP Exercise NYSE Date Price Price Close Calls OCT 85 16 3/4 101 11/16 OCT 90 12 101 11/16 OCT 95 7 5/8 101
XYZ CORP Exercise NYSE
Date Price Price Close
Calls OCT 85 16 3/4 101 11/16
OCT 90 12 101 11/16
OCT 95 7 5/8 101 11/16
Puts OCT 85 1/8 101 11/16
OCT 90 3/8 101 11/16
OCT 95 13/16 101 11/16
If you establish a long strap using the options with an 85 exercise price, what is your dollar gain or loss if at expiration XYZ is trading at 101 5/16? (Keep 2 decimal places)
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
