Courtney purchased 5 call options with a $47.50 strike price and a call premium of $1.10.On the expiration date,the underlying stock was priced at $50.60 per share.What is her percentage return on this investment?
A) -100 percent
B) 70.45 percent
C) 181.82 percent
D) 267.38 percent
E) 909.10 percent
Correct Answer:
Verified
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