You have purchased a put option on ABC common stock for $2 per contract. The option has an exercise price of $55. What is your net profit on this option if stock price is $43 at expiration?
You have purchased a put option on ABC common stock for $2 per contract. The option has an exercise price of $55. What is your net profit on this option if stock price is $43 at expiration?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter5: Financial Options
Section: Chapter Questions
Problem 2P: The exercise price on one of Flanagan Companys call options is 15, its exercise value is 22, and its...
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You have purchased a put option on ABC common stock for $2 per contract. The option has an exercise price of $55. What is your net profit on this option if stock price is $43 at
expiration?
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