Question
You wrote a covered call (i.e., sell a call option on the stock already owned) with a strike price of $30 and an option premium
You wrote a covered call (i.e., sell a call option on the stock already owned) with a strike price of $30 and an option premium of $2.20. Assume the stock price goes up to $35 a share at the option expiration. As a result, you will:
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
