Question
Your client purchased 300 shares of Speedy Airlines common stock at $30.49 a share in July 2015. In June of 2016, the client writes 2
Your client purchased 300 shares of Speedy Airlines common stock at $30.49 a share in July 2015. In June of 2016, the client writes 2 October 35 calls at 4 against the stock position. If the market of Speedy Airlines is trading at $41.74 at expiration, what is the client’s realized gain?
Round the answers to two decimal places.
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Andersons Business Law and the Legal Environment
Authors: David P. Twomey, Marianne M. Jennings
22nd edition
978-113358758, 1133587585, 978-1133587583
