Question
You purchased a call option for an Apple stock with the strike price of $110. The option premium you paid was $1. You held the
You purchased a call option for an Apple stock with the strike price of $110. The option premium you paid was $1. You held the option until maturity when the price for each share of Apple was $111. Your payoff at maturity was_____.
| A. | -$1 | |
| B. | $0 | |
| C. | $1 | |
| D. | -$2 |
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
