Chloe invested? $500 by purchasing 50 call options for XYZ stockat ?$85 per share. At its highest?

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Chloe invested? $500 by purchasing 50 call options for XYZ stockat ?$85 per share. At its highest? point, the stock reached $ 97per share. If Chloe had exercised her option at that? time, whatwould her return have? been??

A. 500%
B. 970%
C. 120%
D. 20%
E. 83.3%

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Nov 22, 2022 02:01 PM

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Chloe invested? $500 by purchasing 50 call options for XYZ stockat ?$85 per share. At its highest?

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Expert Answer:

D 20 Explanation C... View the full answer

Intermediate Accounting Reporting and Analysis

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