Multiple Choice
You purchased eight put option contracts with a strike price of $30 and a premium of $1.10.What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $26.50 a share?
A) $23,120
B) $24,700
C) $25,740
D) $26,340
E) $26,400
Correct Answer:
Verified
Correct Answer:
Verified
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