Question: Turn back to Figure 2.9 and look at the Apple options. Suppose you buy an August expiration call option with exercise price $355. a. If

Turn back to Figure 2.9 and look at the Apple options. Suppose you buy an August expiration call option with exercise price $355.

a. If the stock price in August is $367, will you exercise your call? What are the profit and rate of return on your position?

b. What if you had bought the August call with exercise price $360?

c. What if you had bought an August put with exercise price $355?

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