Question
You have taken a long position in a call option on ABC common stock. The option has an exercise price $150 and ABCs stock currently
You have taken a long position in a call option on ABC common stock. The option has an exercise price $150 and ABCs stock currently trades at $156. The option premium is $8 per contract. What is your net profit if ABCs stock price decreases to $140 at expiration of the option?
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Consumer And Personal Finance Activities Book Economics Concepts And Choices
Authors: Mcdougal Littell
1st Edition
0618822887, 9780618822881
