Suppose a june 120 call currently sells for 1540 calculate, Financial Management

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Suppose a june 120 call currently sells for 1540 calculate

Suppose a June 120 call currently sells for $15.40. The underlying stock price is $125. An option dealer has a covered call position that consists of one short call option and one share of the underlying stock.

a. Calculate the break-even price for the dealer.

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Financial Management: Suppose a june 120 call currently sells for 1540 calculate

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