Chris purchased a call option on 100 shares of a stock for $200. The option gives him

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Chris purchased a call option on 100 shares of a stock for $200. The option gives him the right to purchase the stock at $30 per share until May 1. On May 1, the price of the stock is $28 per share. What is Chris’s return on the stock option?

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Personal Finance

ISBN: 9780134989969

7th Edition

Authors: Jeff Madura

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Question Posted: Jan 03, 2023 12:42 AM

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Chris purchased a call option on 100 shares of a stock for $200. The option gives him

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Personal Finance

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