Question
You purchased eight call option contracts with a strike price of $34.50 when the option quote was $.75. The option expires today when the value
You purchased eight call option contracts with a strike price of $34.50 when the option quote was $.75. The option expires today when the value of the arbitrary stock is $34.20. Ignoring trading costs and taxes, what is the total profit?
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
