Multiple Choice
Three months ago,you purchased a put option contract on WXX stock with a strike price of $61 and an option price of $.60.The option expires today when the value of WXX stock is $63.50.Ignoring trading costs and taxes,what is your total profit on your investment?
A) $310
B) −$60
C) $0
D) $60
E) −$190
Correct Answer:
Verified
Correct Answer:
Verified
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