Question

Courtney purchased 5 call options with a $47.50 strike price and a call premium of $1.10. On the expiration date, the underlying stock was priced at $50.60 per share. What is her percentage return on this investment?
A. -100 percent
B. 70.45 percent
C. 181.82 percent
D. 267.38 percent
E. 909.10 percent

Answer

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