What is ali profit or loss per share

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Question: In June, Ali purchased a call option for Apple shares. The option cost $10 per share, expires in September and has a strike price of $160. By the time of the option's September expiry date, Apple shares were trading at $140.

a) Based on this information, do you believe that Ali will exercise this call option?

b) Based on this information, what is Ali's profit or loss per share?

 

Reference no: EM133328545

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