FINANCE-You have purchased 100 call options (1 contract) on shares
QUESTION
Hello – Thank you for your help last week. I have a few more questions this week.You have purchased 100 call options (1 contract) on shares of Freeport McMoran with a strike price of $70 and a maturity of today. The stock is trading at expiration at a price of $48.78. How much are your call options worth today? (please express your answer as a dollar value excluding the dollar sign)
ANSWER:
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