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Suppose you believe that Johnson Companys stock price is going to increase from its current level of ...

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Suppose you believe that Johnson Companys stock price is going to increase from its current level of ...

Suppose you believe that Johnson Company’s stock price is going to increase from its current level of $22.50 sometime during the next 5 months. For $310.25 you can buy a 5-month call option giving you the right to buy 100 shares at a price of $25 per share. If you buy this option for $310.25 and Johnson’s stock price actually rises to $45, what would your pre-tax net profit be?

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–$310.25

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$1,689.75

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$1,774.24

▸

$1,862.95

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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this is exactly what I needed

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