Suppose you believe that Bennett Environmental's stock price is going to increase from its current level of

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Suppose you believe that Bennett Environmental's stock price is going to increase from its current level of $ 31.56 sometime during the next 7 months. For $ 280.01 you could buy a 7-month call option giving you the right to buy 100 shares at a price of $ 28 per share. If you bought a 100-share contract for $ 280.01 and Bennett's stock price actually changed to $ 31.79 , your net profit (or loss) after exercising the option would be ______? Show your answer to the nearest .01

Posted Date: May 19, 2024 02:03 PM

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