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Suppose company XYZ's stock is trading at $68.3. You currently hold a call option with a strike price of $58.44 and premium on the option was $10.69. If today is the expiration date, how much did you gain or lose on the option? (Put the answer in as a negative if it's a loss.)

Suppose company XYZ's stock is trading at $68.3. You currently hold a call option with a strike price of $58.44 and premium on the option was $10.69. If today is the expiration date, how much did you gain or lose on the option? (Put the answer in as a negative if it's a loss.)

Essentials Of Investments
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 6 Suppose company XYZ's stock is trading at $68.3. You currently hold a call option with a strike price of $58.44 and premium on the option was $10.69. If today is the expiration date, how much did you gain or lose on the option? (Put the answer in as a negative if it's a loss.)
Transcribed Image Text:QUESTION 6 Suppose company XYZ's stock is trading at $68.3. You currently hold a call option with a strike price of $58.44 and premium on the option was $10.69. If today is the expiration date, how much did you gain or lose on the option? (Put the answer in as a negative if it's a loss.)
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