You paid a premium of $1.47 for a call option on a common stock. The option has an exercise price of $65. Assume that on the call option expiration date the underlying stock price is $66. Calculate your net gain in dollars on a pershare basis on your call option position as a rational investor. 4 O-$1.00 O $0.47 O-$1.47 O 5047

You paid a premium of $1.47 for a call option on a common stock. The option has an exercise price of $65. Assume that on the call option expiration date the underlying stock price is $66. Calculate your net gain in dollars on a pershare basis on your call option position as a rational investor. 4 O-$1.00 O $0.47 O-$1.47 O 5047

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter5: Financial Options

Section: Chapter Questions

Problem 1P

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