Question: I know the answer and the formula to get it. I just need help entering it in my calculator the get the right answer. I
I know the answer and the formula to get it. I just need help entering it in my calculator the get the right answer. I have a ti-84 and a BA II plus. Thank you so much!
You write one MBI July 120 call contract (equaling 100 shares) for a premium of $4. You hold the option
until the expiration date, when MBI stock sells for $121 per share. You will realize a ________ on the
investment. 1) _______
A) $600 loss B) $200 profit C) $300 profit D) $200 loss
C. $300 profit
c-max(S-X,0)=[4-max(121-120, 0)]*100=300
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