A stock has an exercise (strike) price of $40. a. If the stock price goes to $41.50,

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A stock has an exercise (strike) price of $40.
a. If the stock price goes to $41.50, is the exchange likely to add a new strike price?
b. If the stock price goes to $42.75 is the exchange likely to add a new strike price?
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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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