You purchased four call option contracts with a strike price of $25.00 and a premium of $1.25.

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You purchased four call option contracts with a strike price of $25.00 and a premium of $1.25. At expiration, the shares were selling for $26.80 per share. What is the total amount it cost you to acquire your shares?

Related Book For answer-question

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: May 10, 2023 04:00 AM

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You purchased four call option contracts with a strike price of $25.00 and a premium of $1.25.

Question:

Expert Answer:

Each option contract gives you the right to buy 100 shares at the st... View the full answer

Fundamentals of Investments Valuation and Management

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