Question
You purchase 19 call option contracts with a strike price of $105 and a premium of $1.75. Assume the stock price at expiration is $115.12.
You purchase 19 call option contracts with a strike price of $105 and a premium of $1.75. Assume the stock price at expiration is $115.12.
a. What is your dollar profit? (Do not round intermediate calculations.)
b. What is your dollar profit if the stock price is $101.07? (A negative value should be indicated by a minus sign. Do not round intermediate calculations.)
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
