What will be the gain or loss if exercise call option

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Problem 1: XYZ stock is selling for $35 a share. You see that call options on the stock with exercise price of $25 are selling at $5. Also, put options on XYZ stock has an exercise price $40 are selling for $4. What will be the gain/ loss if you exercise a) call option and b) put option

Reference no: EM132755019

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