Return on stock options on december 15th the stock rises to, Financial Management

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Return on stock options on december 15th the stock rises to

Return on Stock Options. Teresa purchased a call option on a stock for $250. The option allows her to purchase the stock for $40 per share if she exercises the option by December 31st. On December 15th, the stock rises to $60 per share and Teresa exercises the option. What is Teresa's return?

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Financial Management: Return on stock options on december 15th the stock rises to

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