The maximum possible price for option when the strike price is $215 on an expiration date of October 1 st . Introduction: Strike price is a price wherein a call or put option can be exercised in a derivative contract.

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Chapter 20, Problem 21P

a.

Summary Introduction

To determine: The maximum possible price for option when the strike price is $215 on an expiration date of October 1^st.

Introduction:

Strike price is a price wherein a call or put option can be exercised in a derivative contract.

b.

Summary Introduction

To determine: The minimum possible price for this option.

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