Question
You purchased call options on 1000 shares of Goldman-Sachs (GS) stock with a strike price of $240 per share. The option premium was $4 per
You purchased call options on 1000 shares of Goldman-Sachs (GS) stock with a strike price of $240 per share. The option premium was $4 per share. Calculate the profit or loss if the market value of GS stock is (a) $250 at expiration. (b) $230 at expiration. (c) $242 at expiration.
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
