You Purchased a Call Option with a $22

question 79

Multiple Choice

You purchased a call option with a $22.50 strike price and a call premium of $0.40.On the expiration date,the underlying stock was priced at $23.40 per share.What is the percentage return on your investment?

• A) -100 percent
• B) 0 percent
• C) 50 percent
• D) 125 percent
• E) 200 percent