Question: Question Help Return on Stock Options. Chris purchased a call option on a stock for $273. The option gives him the right to purchase the
Question Help Return on Stock Options. Chris purchased a call option on a stock for $273. The option gives him the right to purchase the stock at $17.67 per share until May tat On May 1st, the price of the stock is $14.17 per share. What is Chris' retum on the stock option? (Hint: Ignore transaction costs) Chris' return on the stock option is % (Round to the nearest whole percent and include a negative sign when appropriate.)
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