2006 CFA Level 1 LOS: 16.74.a An investor has bought 25 call options on oil. The exercise price of the call is $29.45 per barrel and each call represents 250 barrels. If the premium was $1.23 per barrel, and the price of oil closes at $28.75 at expiration, what will be the net profit or loss to the investor? a) A loss of $7,687.50 b) A loss of $4,375.00 c) A gain of $4,375.00 d) A loss of $3,312.50 Antonio Silva
Posted on: Thu, 29 Aug 2013 04:52:36 +0000
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