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florida1014 florida1014
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2 years ago
Grant purchased one call on XYZ stock at an exercise price of $25. The market price of XYZ stock when Grant purchased the call was $24 a share. XYZ is currently priced at $30 a share. Grant paid $120 to buy the call. How much profit will Grant make if he exercises the option today and then sells the shares? Ignore all transaction-related costs.

▸ $380

▸ $480

▸ $500

▸ $600
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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flipninjamelflipninjamel
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#1
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2 years ago
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florida1014 Author
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2 years ago
Smart ... Thanks!
sakoon
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Yesterday
Correct Slight Smile TY
jayfo05
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2 hours ago
Thanks for your help!!
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