Multiple Choice
A put option was purchased two months ago for $3.70 with an exercise price of $50. The option is exercised when the market price of the stock is $48. What is the net profit or loss to the investor?
A) $3.00
B) $2.70
C) −$1.70
D) −$2.00
Answer Key
Test name: Chapter 21
Correct Answer:
Verified
Correct Answer:
Verified
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