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The Price of a Stock Is $36 and the Price

Question 7

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The price of a stock is $36 and the price of a three-month call option on the stock, with a strike price of $36, is $3.60. Suppose a trader has $3600 to invest and is trying to choose between buying 1000 options and 100 shares of stock. How high does the stock price have to rise for an investment in options to lead to the same profit as an investment in the stock? _ _ _ _ _ _

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