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Please help Refer to the stock options on Microsoft in the Figure 2.10....

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Question

Accounting

Please help
Refer to the stock options on Microsoft in the Figure 2.10. Suppose you buy a November expiration call option on 300 shares with the
excise price of $240.
Required:
a-1. If the stock price at option expiration is $246, will you exercise your call?
Yes
No
a-2. What is the net profit or loss on your position?
Note: Input the amount as a positive value.
a-3. What is the rate of return on your position?
Note: Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.
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