You purchase a call option on Stock A with an exercise price of $85 for a premium of $1.9. You hold the option until the expiration date, when Stock A sells for $83 per share. Your profit from the option purchase is ______ per share. (Enter your answer without dollar sign)
You purchase a call option on Stock A with an exercise price of $85 for a premium of $1.9. You hold the option until the expiration date, when Stock A sells for $83 per share. Your profit from the option purchase is ______ per share. (Enter your answer without dollar sign)
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
Section: Chapter Questions
Problem 1PS
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You purchase a call option on Stock A with an exercise price of $85 for a premium of $1.9. You hold the option until the expiration date, when Stock A sells for $83 per share. Your profit from the option purchase is ______ per share. (Enter your answer without dollar sign)
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