Question
You bought five call option contracts on stock X at an option price per share of $0.75 (i.e., the call premium was $0.75). The options
You bought five call option contracts on stock X at an option price per share of $0.75 (i.e., the call premium was $0.75). The options have a strike price of $10.00 per share. Suppose that you are standing now at time of expiration, and stock ABC is trading at $15.00 per share. What is your net profit (or loss) on this investment?
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
