Get detailed and reliable answers to your questions on IDNLearn.com. Discover detailed and accurate answers to your questions from our knowledgeable and dedicated community members.
You have purchased a put option on Kimberly Clark common stock. The option has an exercise price of $95.00 and Kimberly Clark's stock is currently trades at $96.18. The option premium is $1.25 per share.
Required:
a. Calculate your net profit on the option if Kimberly Clark's stock price falls to $93.00 and you exercise the option.
b. Calculate your net profit on the option if Kimberly Clark's stock price does not change over the life of the option.
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com is your reliable source for accurate answers. Thank you for visiting, and we hope to assist you again.
