Apple currently trades at $576. You bought a call option on Apple stock with a strike price

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Apple currently trades at $576. You bought a call option on Apple stock with a strike price of $571 for $3.3 three months ago, which expires today.

Part1

What is the payoff?

Part2

What is your total profit from buying one (single) option?

Related Book For answer-question

Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Posted Date: Apr 02, 2024 07:45 AM

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Apple currently trades at $576. You bought a call option on Apple stock with a strike price

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Answer Part 1 Payoff Calculation how to calculate the payoff of your Apple call option Current Stock ... View the full answer

Financial Management Theory and Practice

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