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What Would Be the Profit or Loss Per Share of Stock

Question 59

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:

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