Multiple Choice
You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?
A) $3,680
B) $3,930
C) $3,570
D) $3,330
E) $3,320
Correct Answer:
Verified
Correct Answer:
Verified
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