You purchased 5 ABC 30 call option contracts at a quoted price of $1.45. What is your net profit on this investment if the price of ABC is $25.57 on the option expiration date? (Round answer to 2 decimal places. Do not round intermediate calculations).

Answer rating: 100% (QA)

Assuming that each call option contract gives the right to purchase 100 shares of ABC at a st... View the full answer