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
Correct Answer:
Verified
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