The current market price for common shares of Echo Company is $15. Put options on these shares currently trade at 0.75 and come with a $10 strike price. If the stock’s market price rose to $17 what would be the percentage rate of return earned on these put options?   eneter a numbmer that looks like this 4 that is not the right answer

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The current market price for common shares of Echo Company is $15. Put options on these shares currently trade at 0.75 and come with a $10 strike price. If the stock’s market price rose to $17 what would be the percentage rate of return earned on these put options?

 

eneter a numbmer that looks like this 4

that is not the right answer

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