1 you own 1000 shares of mmm that you bought for 153 you, Ask an Expert

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1. You own 1000 shares of MMM that you bought for $153. You also have written 10 call option contracts on MMM, at a premium of $1.7 and with a strike price of $156, maturing in 2 months. If at maturity of the option, the stock price is $169, what is your net profit on this position?

2. Jane took out a 10-year loan for $71321 from her local bank at an annual rate of 7.5%. If she plans to make monthly payments, how much will each payment be?

3. Find the present value annuity factor for a 13-year annuity whose annual rate is 9.2% with daily compounding.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92726043

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