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You purchase 16 call option contracts with a strike price of $90 and a premium of $4.45. Assume the stock price at expiration is $99.12.
You purchase 16 call option contracts with a strike price of $90 and a premium of $4.45. Assume the stock price at expiration is $99.12.
1. | What is your dollar profit? (Omit the "$" sign in your response.) |
Dollar profit | $ |
2. | What if the stock price is $85.07? (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.) |
If the stock price is $85.07, the call is (Click to select)in-the-moneyworthless , so the dollar return is $ |
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