Multiple Choice
You purchased four put option contracts with a strike price of $35 and a premium of $0.80.What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $31.50 a share?
A) $13,680
B) $14,700
C) $15,740
D) $16,340
E) $16,400
Correct Answer:
Verified
Correct Answer:
Verified
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