Based on the minimum value of the contract if dan sells his


Last month when IBM was selling for $86, Dan purchased a call option on IBM with an exercise price of $90 for $2 per option or $200 total. Yesterday IBM closed at $95. Based on the minimum value of the contract, if Dan sells his call at yesterday's close, what would his return be?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Based on the minimum value of the contract if dan sells his
Reference No:- TGS02855754

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)