An investor buys one American Call option on one share of stock of ABC. The option's strike price is $23 and the premium for the option is $3. The option expires in 1-year from today. The investor will earn ZERO profit if the investor exercies the option when the price of stock ABC is $ (In your answer do not include $, % or any other sign; round your answer to 2 decimal places)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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An investor buys one American Call option on one share of stock of ABC. The option's
strike price is $23 and the premium for the option is $3. The option expires in 1-year
from today. The investor will earn ZERO profit if the investor exercies the option when
the price of stock ABC is $
(In your answer do not include $, % or any other sign; round your answer to 2 decimal
places)
Transcribed Image Text:An investor buys one American Call option on one share of stock of ABC. The option's strike price is $23 and the premium for the option is $3. The option expires in 1-year from today. The investor will earn ZERO profit if the investor exercies the option when the price of stock ABC is $ (In your answer do not include $, % or any other sign; round your answer to 2 decimal places)
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