You purchase 27 call option contracts with a strike price


You purchase 27 call option contracts with a strike price of $145 and a premium of $3.65. Assume the stock price at expiration is $157.40

1. What is your dollar profit?

2. What if the stock price is $143.35? What is the dollar return?

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Business Economics: You purchase 27 call option contracts with a strike price
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