Paul instructs his broker to buy an uncovered october 55


Paul instructs his broker to buy an uncovered October 55 call option on Best Eastern at 5. If the stock of Best Eastern is trading at $27.50 at expiration, what is Paul’s realized gain or loss? Gain should be entered as a positive value. Loss should be entered as a negative value.

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Financial Management: Paul instructs his broker to buy an uncovered october 55
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