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Levels Tought:
University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 438 Weeks Ago, 4 Days Ago |
| Questions Answered: | 9562 |
| Tutorials Posted: | 9559 |
bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Return on Stock Options. Teresa purchased a call option on a stock for $250. The option allows her to purchase the stock for $40 per share if she exer- cises the option by December 31st. On December 15th, the stock rises to $60 per share and Teresa exercises the option. What is Teresa’s return?
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