Use the figure for the question(s)below.
-You pay $4.75 for a call option on Vartan Industries that expires in six months with an exercise price of $45.00. Six months later, at expiration, Vartan Industries is trading at $47.00 per share. Your profit per share on this transaction is closest to:
A)-$2.75.
B)$1.50.
C)-$1.50.
D)$2.75.

Question

Use the figure for the question(s)below. 
-You pay $4.75 for a call option on Vartan Industries that expires in six months with an exercise price of $45.00. Six months later, at expiration, Vartan Industries is trading at $47.00 per share. Your profit per share on this transaction is closest to:
A)-$2.75. 
B)$1.50. 
C)-$1.50. 
D)$2.75.

Quizplus · Accepted Answer

The Answer of Use the figure for the question(s)below. 
-You pay $4.75 for a call option on Vartan Industries that expires in six months with an exercise price of $45.00. Six months later, at expiration, Vartan Industries is trading at $47.00 per share. Your profit per share on this transaction is closest to:
A)-$2.75. 
B)$1.50. 
C)-$1.50. 
D)$2.75.

Use the Figure for the Question(s)below