You purchased two $35 call contracts at $3.40 per option. You exercised the option on expiration day when the stock was $43. What was your profit and rate of return on investment?
You purchased two $35 call contracts at $3.40 per option. You exercised the option on expiration day when the stock was $43. What was your profit and rate of return on investment?
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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You purchased two $35 call contracts at $3.40 per option. You exercised the option on expiration day when the stock was $43. What was your profit and rate of
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Call Option is a financial derivative contract which givers option buyer a right not obligation to buy asset at price fixed at time of making contract.
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