In: Finance
Boris and Bela buy 1 January 40 Call @$6 and sell 2 January 50 Calls@$3 and buy 1 January 55 Call@$1. A. Find the Profit and Loss, Y, at expiration if the stock at expiration is $40, $50, and $60 per share. B. Determine the breakeven points. Your final answers should be correct to 2 places after the decimal point.