Question
Your client purchased 300 shares of Speedy Airlines common stock at $24.08 a share in July of 2015. In June of 2016 the client writes
Your client purchased 300 shares of Speedy Airlines common stock at $24.08 a share in July of 2015. In June of 2016 the client writes 2 October 35 calls at 7 against the stock position. If the market of Speedy Airlines is trading at $41.51 at expiration, what is the clients realized gain?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
