General companys stock currently sells for 67 per share and, Ask an Expert

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General Company's stock currently sells for $67 per share and you believe it will increase over the next four months. For $380 you could purchase one call option (the right to purchase 100 shares of General stock) that expires in four months and has a strike price of $71 per share. What would be your profit (or loss) if General's stock price rises to $81?

Your profit (loss) would be $ (round to the nearest dollar)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92427514

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