1. What is the responsibility of Advertising department in the online store? Please Explain
2. You have established the following position: Short 10 Nov ABCD 145 Calls @ 2.50 If the price of ABCD is 160 at expiration and you buy the calls back at parity, what is the gain or loss from the short call position?
3. You buy a 1-year put option and sell the corresponding call option. Both options are written on 1 share of IBM stock and both have an exercise price of $93. In addition, you also buy 1 share of IBM stock. What is the net payoff you receive from this 3-asset portfolio if at expiration the price of each share of IBM stock is $22?