Multiple Choice
You purchased five CVB call option contracts with a strike price of $40 when the option was quoted at $3.65.The option expires today when the value of CVB stock is $43.Ignoring trading costs and taxes,what is your total profit on your investment?
A) $0
B) −$325
C) $800
D) $1,500
E) −$1,825
Correct Answer:
Verified
Correct Answer:
Verified
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