FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You sold a put contract on Revali Corp. stock at an option price of $ . 5 0 and an exercise price of $ 2

You sold a put contract on Revali Corp. stock at an option price of $.50 and an exercise price of $21. Today, the stock is selling for $20 per share and your option position was closed out. Ignoring transaction costs and taxes, what is your total profit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mergers Acquisition And Other Restructuring Activities

Mergers Acquisition And Other Restructuring Activities

Authors: Donald M. Depamphilis

6th Edition

123854857, 978-0123854858

More Books

Students also viewed these Finance questions

Question

★★★★★
How do I solve these questions? (please show work and provideanswers) Fertilizers show the different percentage of components in the fertilizer by printing a NPK rating on the bag. This strands for...

Answered: 1 week ago

Question

★★★★★
it's Crim 1107 . . Fact scenario: Kanye (#yeezy) and his friends Kim, Kylie, and Tyga (collectively, the "Crew Members") are enjoying life on Kanye's luxury yacht when suddenly and without warning,...

Answered: 1 week ago

Question

★★★★★
Evaluate the IR spectrum of the carboxylic acid product(4,5-dimethyl-cyclohexene-1,2-dicarboxylic acid). Comment on thekey peaks for the product and how IR can be used to distinguish theanhydride and...

Answered: 1 week ago

Question

★★★★★
The following is a sufficient condition, the Laplace-Liapounoff condition, for the central limit theorem: If X 1 , X 2 , X 3 , . . . is a sequence of independent random variables, each having an...

Answered: 1 week ago

Question

★★★★★
Stevens Air is a large airline company that pays a customer relations representative $4,000 per month. The representative, who processed 1,000 customer complaints in January and 1,300 complaints in...

Answered: 1 week ago

Question

★★★★★
Last year, a battery manufacturing company in Winnipeg incurred a loss of $835,000 by producing and selling 45,000 batteries. The total revenue for the year was $12,600,000 and the break-even volume...

Answered: 1 week ago

Question

★★★★★
In a series of Bernoulli trials with success probability p, find the probability that k successes in a row occur prior to n failures in a row. (Hint: Let be the event of interest, namely, k...

Answered: 1 week ago

Question

★★★★★
Prepare the 2015 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $190,500...

Answered: 1 week ago

Question

★★★★★
Squid Roe, Inc., is authorized to sell 1,000,000, $2 par value common stock. On May 3, it sold 40,000 at $10 each. The journal entry to record the issuance of this stock includes a (Select all that...

Answered: 1 week ago

Question

★★★★★
Brin Company issues bonds with a par value of $550.000. The bonds mature in 7 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8%. (Table B1. Table...

Answered: 1 week ago

Question

★★★★★
Check my work Bluegrass Mint Company has a debt-equity ratio of 30. The required return on the company's unlevered equity is 12 percent and the pretax cost of the firm's debt is 5.8 percent Sales...

Answered: 1 week ago

Question

★★★★★
Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

★★★★★
Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago

Question

★★★★★
The following fact pattern applies to questions 1 and 2. Brigid entered into a contract with L. Marcus Marine ("LMM") to perform repairs and updates to her sailboat for $15,000. The work was to be...

Answered: 1 week ago

Question

★★★★★
An SLA manager compares the usage of a system against: Question 1Select one: a. A pay-per-use measurement repository b. An SLA monitor agent c. A quality-of-service measurement repository d. A...

Answered: 1 week ago

Question

★★★★★
Question: The price of US oil has turned negative for the first time in history in April 2020. By discussing on the negative of oil prices, does a stock index futures and futures crude palm oil...

Answered: 1 week ago

Question

★★★★★
The following items were displayed in the statement of affairs for Lubbock Company: Fully secured liabilities ......... $90,000 Partially secured liabilities ....... 12,000 Unsecured liabilities...

Answered: 1 week ago

Question

★★★★★
Enhance readability by understanding document design including the use of white space, margins, typefaces, fonts, numbered and bulleted lists, and headings.

Answered: 1 week ago

Question

★★★★★
Understand e-mail, memos, and the professional standards for their usage, structure, and format in the digital era workplace.

Answered: 1 week ago

Question

★★★★★
Specify delivery techniques for use before, during, and after a presentation to keep the audience engaged.

Answered: 1 week ago

Previous Question Next Question