Question
You buy a call option on 100 shares of stock. The call has a premium (per share) of $7 and a strike/exercise price of $51.
You buy a call option on 100 shares of stock. The call has a premium (per share) of $7 and a strike/exercise price of $51. The stock currently has a price of $53 per share. On the day that the option expires, the stock is selling for $59. What ends up being your net payoff on this position?
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Analysis For Financial Management
Authors: Robert C. Higgins
12th International Edition
1260091910, 9781260091915
