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aniked [119]
3 years ago
6

You purchase one MMM July 129 call contract (equaling 100 shares) for a premium of $21. You hold the option until the expiration

date, when MMM stock sells for $141 per share. You will realize a ______ on the investment.
Business
1 answer:
mel-nik [20]3 years ago
7 0

Answer:

There is loss of $900 on investment.

Explanation:

The purchase of 1 MMM July 129 call contract at premium  = $21

Since it is given that it is held unit the expiration date.

The selling price of MMM stock = $141 per share.

Total number of shares = 100

Total amount paid for share (purchase price) = 129 + 21 = $150

Loss or profit = Market price on expiration date- purchase price

              =141-150

              = - 9

Total loss =  9 × 100

           =900 loss

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4 0
3 years ago
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5 0
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Genrish500 [490]

Answer:

Option D

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