Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you purchase 13 call option contracts with a strik

You purchase 13 call option contracts with a strike price of $75 and a premium...

80.2K

Verified Solution

Question

Finance

You purchase 13 call option contracts with a strike price of $75 and a premium of $2.90. Assume the stock price at expiration is $82.46.

a. What is your dollar profit? (Do not round intermediate calculations.)

b. What is your dollar profit if the stock price is $68.41? (A negative value should be indicated by a minus sign. Do not round intermediate calculations.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A sample of 40 employees from the local Honda plant was obtained and the length...

Statistics
Q

15. Carefully distinguish between bipolar I disorder, major depressive disorder and persistent depressive disorder. Highlight the characteristics...

Psychology
Q

A 1 mole, 293 K gas expands isothermally, starting at 22.4 L in volume. What is...

Physics
Q

consider a country UKRAINE and answer following questions in 400-500 words 1.With whom does the nation trade? 2.Is...

Economics
Q

Codon Colinear eneracy of the genetic code Nonsense codon Reading frame Describes that a given...

Biology
Q

Which of the following is associated with the lubrication of joints Keratan sulfate Lignins Pectins

Biology
Q

If a vertical line is drawn through a normal distribution at each of the following...

Basic Math
Q

A company purchased a weaving machine for $437,000. The machine has a useful life of...

Accounting
Q

At the beginning of 2017, Sunland Company acquired a mine for $818,000. Of this amount,...

Accounting
Q

WishGift.com had its website shut down for two days due to a cyber attack. During...

Accounting
Q

a. On July 1 , Sandhill Co. sold merchandise on account to Waegelein Inc. for...

Accounting
Q

P 8-10 (similar to) Question Help Bill Clinton reportedly was paid $15.0 million to write...

Finance