Ruth paid 300 for a call option on 100 shares of stock the


Ruth paid $300 for a call option on 100 shares of stock. The option gives her the right to buy the stock for $37 per share until April 1. On March 15, the stock rises to $42 per share and Ruth exercises her option. What is Ruth's return on the option? Please show steps.

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Financial Management: Ruth paid 300 for a call option on 100 shares of stock the
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