Use the Following Information for Questions

question 65

Short Answer

Use the following information for questions.
On April 1, 2017, Gamma Corp.purchases a call option for $500, which gives Gamma the right to buy 1,000 shares of Delta Inc.for $30 each until December 1, 2017.Delta Inc.shares are currently trading for $30.At June 30, 2017, the options are trading at $4,800 and the shares at $32 each.At December 1, 2017, the options expire with no value.
-At December 1, 2017, Gamma's entry would be

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Definitions:

Brain Seizure

A sudden, uncontrolled electrical disturbance in the brain, potentially causing changes in behavior, movements, feelings, and levels of consciousness.

Interpersonal Therapy

A form of psychotherapy that focuses on the relationships of the patient and the social roles in treating emotional distress.

Cognitive-behavioral Therapy

A form of psychotherapy that treats problems by modifying dysfunctional emotions, behaviors, and thoughts.

Integrative Behavioral

An approach in therapy that combines techniques from different therapeutic disciplines to tailor treatment to individual patient needs.