A. Kaylyak purchased 20 European call contracts on stock KAYAK. The con- tracts each have a...

 

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A. Kaylyak purchased 20 European call contracts on stock KAYAK. The con- tracts each have a strike price of 270 and expiration time of 6 months. The initial stock price was 250, and the stock price was 300 at expiration. With a risk-free rate of 0.05, Kaylyak's profit was 200. What was the premium for one call contract? Round your response to two decimal places. A. Kaylyak purchased 20 European call contracts on stock KAYAK. The con- tracts each have a strike price of 270 and expiration time of 6 months. The initial stock price was 250, and the stock price was 300 at expiration. With a risk-free rate of 0.05, Kaylyak's profit was 200. What was the premium for one call contract? Round your response to two decimal places.

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