You purchased six tjh call option contracts with a strike, Financial Management

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You purchased six tjh call option contracts with a strike

You purchased six TJH call option contracts with a strike price of $40 when the option premium was quoted at $1.30. The option expires today when the value of TJ stock is $41.90. Ignoring trading costs and taxes, what is your total profit or loss on your investment?

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Financial Management: You purchased six tjh call option contracts with a strike

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Financial Management: You purchased six tjh call option contracts with a strike

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