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You write one IBM call contract for a premium of $4 and an exercise price of $120. You hold the option until the expiration date,
| You write one IBM call contract for a premium of $4 and an exercise price of $120. You hold the option until the expiration date, when IBM stock sells for $121 per share. You will realize a ______ on the investment. |
200 loss
600 loss
200 profit
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
