You purchase one IBM July 120 call contract for a premium of $5.You hold the option until the expiration date when IBM stock sells for $123 per share.You will realize a ______ on the investment.
A) $200 profit
B) $200 loss
C) $300 profit
D) $300 loss

Question

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The Answer of You purchase one IBM July 120 call contract for a premium of $5.You hold the option until the expiration date when IBM stock sells for $123 per share.You will realize a ______ on the investment.
A) $200 profit
B) $200 loss
C) $300 profit
D) $300 loss

You Purchase One IBM July 120 Call Contract for a Premium