You anticipate Apple's stock going up in the future. You have $10,000 to invest. To profit...

 

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You anticipate Apple's stock going up in the future. You have $10,000 to invest. To profit from your hunch, you can either: a.) Purchase shares, or b.) Purchase call options The current stock price is $100. The price of a call option with a strike price of $100 and expiration date 30 days from now is $2. What is your profit from purchasing options if the stock price in 30 days is $103.95? (Required precision: 0.01 +/- 0.01; Enter gains as positive and losses as negative.) You anticipate Apple's stock going up in the future. You have $10,000 to invest. To profit from your hunch, you can either: a.) Purchase shares, or b.) Purchase call options The current stock price is $100. The price of a call option with a strike price of $100 and expiration date 30 days from now is $2. What is your profit from purchasing options if the stock price in 30 days is $103.95? (Required precision: 0.01 +/- 0.01; Enter gains as positive and losses as negative.)

Answer rating: 100% (QA)

Question Solution Amount available for investment 10000 Price of call option ... View the full answer