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You purchase 24 call option contracts with a strike price of $130 and a premium of $6.10. Assume the stock price at expiration is $139.12.
You purchase 24 call option contracts with a strike price of $130 and a premium of $6.10. Assume the stock price at expiration is $139.12. |
1. | What is your dollar profit? (Do not round intermediate calculations. Omit the "$" sign in your response.) |
Dollar profit | $ |
2. | What if the stock price is $125.07? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.) |
If the stock price is $125.07, the call is (Click to select)worthlessin-the-money, so the dollar return is $ . |
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