You purchase 21 call option contracts with a strike price of $115 and a premium

Question # 00376006 Posted By: katetutor Updated on: 09/01/2016 05:37 AM Due on: 09/01/2016
Subject Finance Topic Finance Tutorials:
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You purchase 21 call option contracts with a strike price of $115 and a premium of $4.40. Assume the stock price at expiration is $122.46.

1.What is your dollar profit? (Omit the "$" sign in your response.)
Dollar profit$
2.

What if the stock price is $108.41? (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)

If the stock price is $108.41, the call is

(Click to select)worthlessin-the-money

, so the dollar return is $ .

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  1. Tutorial # 00371711 Posted By: katetutor Posted on: 09/01/2016 05:38 AM
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