Use the following quotes for Target stock options:CallsLast29.00y14.259.655.102.85TickerTGT 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.Total costBid20.1513.45$8.354.852.70Bid5.008.3012.8519.1526.05Ask21.6013.808.655.152.95249Ask5.158.5013.4519.8027.80PutsLast4.958.3512.5518.4925.83IVM Volume35.0732.5831.3431.0731.08IVM34.1632.3531.3430.0628.4416203516If you wanted to purchase the right to sell 3,000 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.Volume1838695

Number of shares purchased = 3,000Strike price = $210Ask price = $8.50

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 20.15 13.45 8.35 4.85 2.70 Ask 21.60 13.80 8.65 5.15 2.95 Bid 5.00 8.30 12.85 19.15 19.80 26.05 27.80 Ask 5.15 8.50 13.45 Calls Last 29.08y 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 3,000 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.

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 20.15 13.45 8.35 4.85 2.70 Ask 21.60 13.80 8.65 5.15 2.95 Bid 5.00 8.30 12.85 19.15 19.80 26.05 27.80 Ask 5.15 8.50 13.45 Calls Last 29.08y 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 3,000 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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Similar questions

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Define target stock or targeting stock
Call options on a stock are available with strike prices of $15, $17.5 and $20 before expiration date. The call premiums for each are $4, $2 and $0.5 respectively. Explain how the options can be used to create a butterfly spread. A. Construct a table showing how profit varies with stock price for the butterfly spread. B. Plot the profit with stock price for the butterfly spread. List the profit formula for each trend.
Briefly explain the mechanics of adjustable rate and market auctionpreferred stock.
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Use the binomal option pricing model to estimate the Call price. Stock price (S) $120.00 Stock price up (Su) $170.00 Stock price down (Sd) $50.00 Strike price (K) $120.00 rf 1.0% Call price up (Cu) Call price down (Cd) D PV(B) Call price (C)
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Q6. We have the following order book for stock ABC. BID PRICE (QUOTE) 99.80 99.70 99.50 99.20 99.00 ASK PRICE (QUOTE) ASK OTY 16 24 BID QTY 100.20 20 299 100.30 100.40 100.60 100.90 175 233 500 400 500 a) At what average price will you be able to buy 100 stocks of ABC in you have put in a market order? b) What is the impact cost if calculated from the mid-quote price? c) What will be the last traded price shown by the exchange just after your trade has completed?
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