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You purchase 23 call option contracts with a strike price of $125 and a premium of $2.80. Assume the stock price at expiration is $133.46.
You purchase 23 call option contracts with a strike price of $125 and a premium of $2.80. Assume the stock price at expiration is $133.46. |
1. | What is your dollar profit?(Do not round intermediate calculations. Omit the "$" sign in your response.) |
Dollar profit | $ |
2. | What if the stock price is $119.41?(Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.) |
If the stock price is $119.41, the call is(Click to select)in-the-moneyworthless, so the dollar return is $.
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