An investor buys one American Call option on one share of stock of ABC. The option's strike price is $23 and the premium for the option is $3. The option expires in 1-year from today. The investor will earn ZERO profit if the investor exercies the option when the price of stock ABC is $ (In your answer do not include $, % or any other sign; round your answer to 2 decimal places)

An investor buys one American Call option on one share of stock of ABC. The option's strike price is $23 and the premium for the option is $3. The option expires in 1-year from today. The investor will earn ZERO profit if the investor exercies the option when the price of stock ABC is $ (In your answer do not include $, % or any other sign; round your answer to 2 decimal places)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter20: Financing With Derivatives

Section: Chapter Questions

Problem 1P

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