You Purchased a Call Option with a $22

question 95

Multiple Choice

You purchased a call option with a $22.50 strike price and a call premium of $0.30. 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) 100 percent
• E) 200 percent

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