Multiple Choice
A speculator purchased a call option with an exercise price of $31 for a premium of $4. The option was exercised a few days later when the stock price was $34. What was the return to the speculator?
A) 25 percent
B) - 25 percent
C) - 3.2 percent
D) - 2.9 percent
Correct Answer:
Verified
Correct Answer:
Verified
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