You wrote eight call option contracts on JIG stock with a strike price of $40 and an option price of $.40.What is your net gain or loss on this investment if the price of JIG is $46.05 on the option expiration date?
A) -$5,450
B) -$4,520
C) $400
D) $4,250
E) $5,450
Correct Answer:
Verified
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