Question
You purchased five Morgan Industries call option contracts with a strike price of $61 when the option was quoted at $2.40. The option expires today
You purchased five Morgan Industries call option contracts with a strike price of $61 when the option was quoted at $2.40. The option expires today when the value of Newell stock is $58. Ignoring trading costs and taxes, what is your total profit or loss on your investment?
| $3,600 | ||
| $780 | ||
| -$1,200 | ||
| -$1,600 | ||
| -$2,400 |
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Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
11th Edition
012819782X, 978-0128197820
