Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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