You Enter into an Exchange Option Contract Where You Have $- 30$

question 1

Multiple Choice

You enter into an exchange option contract where you have the right to give up 5 shares of IBM stock in exchange for one share of Google in three months.After three months,IBM is trading at $92 per share while Google is at $430.The payoff at maturity is

• A) \(- 30\)
• )
• B)Zero.
• C) \(+ 6\)
• )
• D) \(+ 30\)
• )

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