Multiple Choice
Ahmad bought call options on Home Depot with a striking price of $34.The option premium was $3.50.Just before the contract expired,Home Depot stock was $36 per share.Ahmad:
A) made a profit of $2.00 per share.
B) lost $3.50 per share because the option would not be exercised.
C) made a profit of $3.50 per share.
D) lost $1.50 per share.
Correct Answer:
Verified
Correct Answer:
Verified
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