Problem

Call one full-service broker and one discount broker and find out the transaction costs...

Call one full-service broker and one discount broker and find out the transaction costs of implementing the following strategies:

a. Buying 100 shares of IBM now and selling them six months from now.

b. Investing an equivalent amount in six-month at-the-money call options on IBM stock now and selling them six months from now.

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Solutions For Problems in Chapter 3