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In Kaplan Revision Kit Question 21on Lammer PLC . How was the premium in $ was calculated. $17,575, $25,769 and $38,891
Hello,
What I got as Premium in USD is $17,219, $25,769 and $38,891. I calculated Premium as follows:
1.8800 = 19 x 31,250 = 593,750 x (2.96/100) = $17,219
1.9000 = 19 x 31,250 = 593,750 x (4.34/100) = $25,769
1.9200 = 19 x 31,250 = 593,750 x (6.55/100) = $38,891Please, note that the Strike Price is in Cent hence the need to convert it by using 100 unit of Cents in $1.00.
Should you have any further questions please, you can email me at asmoh270@outlook.com.
Thanks and best regards.
Mohammed T. Elomi
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