Use the following quotes for Target stock options:TickerTGT 3/18/22 C200TGT 3/18/22 C210TGT 3/18/22 C220TGT 3/18/22 C230TGT 3/18/22 C240TickerTGT 3/18/22 P200TGT 3/18/22 P210TGT 3/18/22 P220TGT 3/18/22 P230TGT 3/18/22 P240Source: Bloomberg Finance L.P.BidAsk20.15 21.6013.45 13.808.358.654.855.152.702.95Total costBidAsk5.005.158.30 8.5012.85 13.4519.15 19.8026.05 27.80CallsLast29.00y14.259.655.102.85PutsLast4.958.3512.5518.4925.83IVM35.0732.5831.3431.0731.08IVM34.1632.3531.3430.0628.44Volume16203516Volume1838695If you wanted to purchase the right to sell 4,000 shares of Target stock in March 2022 at a strike price of $210 per share, how muchwould this cost you?Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

An option is an agreement between two parties granting one the opportunity to buy or sell a security…

If you wanted to purchase the right to sell 4,000 shares of Target stock in March 2022 at a strike price of $210 per share, how much would this cost you? Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

If you wanted to purchase the right to sell 4,000 shares of Target stock in March 2022 at a strike price of $210 per share, how much would this cost you? Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Use the following quotes for Target stock options:
Ticker
TGT 3/18/22 C200
TGT 3/18/22 C210
TGT 3/18/22 C220
TGT 3/18/22 C230
TGT 3/18/22 C240
Ticker
TGT 3/18/22 P200
TGT 3/18/22 P210
TGT 3/18/22 P220
TGT 3/18/22 P230
TGT 3/18/22 P240
Source: Bloomberg Finance L.P.
Bid
Ask
20.15 21.60
13.45 13.80
8.35
8.65
4.85
5.15
2.70
2.95
Total cost
Bid
Ask
5.00
5.15
8.30 8.50
12.85 13.45
19.15 19.80
26.05 27.80
Calls
Last
29.00y
14.25
9.65
5.10
2.85
Puts
Last
4.95
8.35
12.55
18.49
25.83
IVM
35.07
32.58
31.34
31.07
31.08
IVM
34.16
32.35
31.34
30.06
28.44
Volume
16
20
35
16
Volume
18
38
6
9
5
If you wanted to purchase the right to sell 4,000 shares of Target stock in March 2022 at a strike price of $210 per share, how much
would this cost you?
Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

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