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Author Question: Jerry purchased a call option 3 months ago for $300 ($3 per share). It gives Jerry the right to buy ... (Read 143 times)

s.tung

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Jerry purchased a call option 3 months ago for $300 ($3 per share). It gives Jerry the right to buy 100 shares in Morley Tobacco for $20 per share. The call option expires today. What is the lowest price that Jerry should exercise at and what is that lowest price at which Jerry would realize a profit?
◦ $17, $20
◦ $20, $17
◦ $20, $23
◦ $23, $20


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Marked as best answer by s.tung on Apr 25, 2021

tkempin

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s.tung

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Reply 2 on: Apr 25, 2021
Excellent


brbarasa

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Reply 3 on: Yesterday
Wow, this really help

 

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