What is the client realized gain

Assignment Help Financial Accounting
Reference no: EM133254148

Your client purchased 300 shares of Speedy Airlines common stock at $23.04 a share in July of 2015. In June of 2016 the client writes 2 October 35 calls at 4 against the stock position. If the market of Speedy Airlines is trading at $38.08 at expiration, what is the client's realized gain?

Round the answers to two decimal places.

Reference no: EM133254148

Questions Cloud

What is the spring constant in newton and meter : A spring gun compressed by 10 cm from its natural length stores 20 Joules elastic energy. What is the spring constant (in Newton / meter)?
Make pendulum that has swing time : You want to make a pendulum that has a swing time of 1.0 seconds (a so-called "second pendulum"). To help you, you have a ball and a thin string.
Calculate a bond ytm : Our client Sports Inc. has an additional question about how to calculate Yield-to-Maturity (YTM) on corporate bonds. Specifically, they do not understand the po
What is the apy over the entire 28 years : Imagine getting a bill for $125 billion that did not know you owed. The case involves a realworld situation. That actually happened to the residents, called "bu
What is the client realized gain : Your client purchased 300 shares of Speedy Airlines common stock at $23.04 a share in July of 2015. In June of 2016 the client writes 2 October 35 calls at 4 ag
Describe rehabilitative exercises-return to play protocol : A soccer athlete is returning to play after a 6 month layoff and rehab from a broken ankle. Describe rehabilitative exercises and a return to play protocol.
What is company x total debt : Company X finances only with debt and common equity (i.e., no preferred stock), and it has accounts payable and accruals. The firm's assets consist entirely of
Talking about financial statements : Imagine that you and two of your college friends, Jamie and Chen, just won a chance to go on Shark Tank, the show that invites entrepreneurs to pitch new busine
Find the average acceleration : Find the average acceleration (in component form) over the 45 sec it took Simona to cover this path.

Reviews

Write a Review

Financial Accounting Questions & Answers

  How might that strategy be complicated

How might that strategy be complicated by student loan debt and living expenses? How long until this credit card was paid off if you dedicated $200

  What were evergreens net sales

For the second quarter, Evergreen Plant Nursery had gross sales of $214,300, sales returns and allowances of $26,540, and sales discounts of $1,988. What were Evergreen's net sales?

  What is the equipment net salvage value

The used equipment can be sold today for $4 million, and its tax rate is 40%. What is the equipment's net salvage value

  Password management is automatically controlled in the bios

A business partner where quotations, orders, and sales opportunities can be performed*

  Find discount rate is equal to the aftertax cost of new debt

Assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (e.g. 4.06 percent should be rounded up to 5 percent)

  What is the estimated value per share of firm stock

If the last dividend paid (DO) was $1, what is the estimated value per share of your firm's stock? Assume that the average firm in your company's industry

  Prepare journal entries without narratives

Show the effect of each of these adjustments on the net profit in the drafted financial statements and the corrected profit for year ended 31 December 20x1.

  Cost-volume-profit analysis improve understanding

How does Cost-Volume-Profit (CVP) analysis improve understanding and comparisons when using the contribution margin to determine a company'sbreakeven point for a single product or multiple products?

  The following information is available to assist you in

the following information is available to assist you in preparing the bank reconciliation for frank industries for

  What account or accounts experienced the largest change

What was the balance of total current liabilities for the three most recent years of your research? Did this balance trend upward or downward from one year to the next? What account or accounts experienced the largest change?

  Compute the interest expense recognized in year one

Campus Flights takes out a bank loan in the amount of P200,500 on January 1. Compute the interest expense recognized in year one

  What is the value of npv for project for thurston petroleum

What is the value of the NPV for this project? Thurston Petroleum is considering a new project that complements its existing business.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd