What would be the profit or loss per share of stock to an investor who bought an October expiration Apple call option with an exercise price of $130 if Apple closed on the expiration date at $120? Assume the option premium was $3.00.

A. $0
B. $3.00 gain
C. $3.00 loss
D. $7.00 gain


C. $3.00 loss

Business

You might also like to view...

The intercultural negotiation process steps include

a. location, agenda, preliminary statements, and conflict perspectives. b. implementation, contract, solutions to issues, and location. c. social expectations, conflict perspectives, location, and agenda. d. strategies, location, and tactics.

Business

If a magazine publishes a false statement about a public personality, it is liable for invasion of the right to privacy

Indicate whether the statement is true or false

Business

The following are good examples of outsourcing some value chain activities that were formerly performed in-house except

A. IBM performs information technology services for Colgate-Palmolive. B. Paychex performs HR services for Robert Half Financial & Accounting. C. Foxconn manufactures the iPad and iPhone for Apple Inc. D. Nordstrom retails certain products for Coach Inc. E. Luxottica manufactures glasses for Dolce & Gabbana.

Business

The five work organization system levels included in MBIE include all but the following levels:

a. Higher management b. Supervisor c. Organization d. National

Business