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You paid $1 to buy a call option on Apple stock. The call option has a strike price of $500 and an expiration date of
- You paid $1 to buy a call option on Apple stock. The call option has a strike price of $500 and an expiration date of 12/31/2021. (hint: when calculating profit/loss, you need to account for option premium.)
- If Apple stock price on 12/31/2021 is $550, what is your profit (or loss)?
- If Apple stock price on 12/31/2021 is $450, what is your profit (or loss)?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
