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You purchase 7 call option contracts on HSB Industries. The strike price was $45 and the option premium was $1.98. On the expiration date, the
You purchase 7 call option contracts on HSB Industries. The strike price was $45 and the option premium was $1.98. On the expiration date, the stock was valued at $46 a share. What is your dollar payoff on the option contracts? Answer should be formatted as a number with 2 decimal places (e.g. 99.99)
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
