Question: On August 1 , 2 0 2 3 , Swifty Ltd . purchased a call option from Starco Corporation. The option gave Swifty the right
On August Swifty Ltd purchased a call option from Starco Corporation. The option gave Swifty the right to buy shares in a third company, Dillon Ltd at a price of $ per share. On the day Swifty purchased the option, Dillon shares were trading at $ each. Swifty paid $ for the options. On August the Dillon shares were trading at $ each, and the options for Dillon shares were trading at $ On September Swifty settled the options in cash when the Dillon shares were trading at $ and the options were trading at $
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