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Question
Jorge has purchased call options on 1000 shares of Amazon stock with a striking price of $170 per share. The option premium was $4.00 per share.a. Compute Jorge's profit or loss if the market value of Amazon's stock is $180 at expiration.
b. Compute Jorge's profit or loss if the market value of Amazon's stock is $160 at expiration.
c. Compute Jorge's profit or loss if the market value of Amazon's stock is $172 at expiration.
Answer
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Related questions
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