You purchase a call option on Stock A with an exercise price of $85 for a premium of $1.9. You hold the option until the expiration date, when Stock A sells for $83 per share. Your profit from the option purchase is ______ per share. (Enter your answer without dollar sign)

You purchase a call option on Stock A with an exercise price of $85 for a premium of $1.9. You hold the option until the expiration date, when Stock A sells for $83 per share. Your profit from the option purchase is ______ per share. (Enter your answer without dollar sign)

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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