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betterway betterway
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7 years ago
If an investor buys a 100-share call option for $250 with an exercise price of $60 and the underlying price per share of the stock at expiration is $66, what is the amount of profit or loss, ignoring brokerage fees?
A) There would be a profit of $350.
B) There would be a profit of $600.
C) There would be a profit of $250.
D) There would be a loss of $250.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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alovelyalovely
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betterway Author
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6 years ago
Thank you
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