Multiple Choice
You sold a put contract on EDF stock at an option price of $.25 and an exercise price of $22.50.The option expires today when EDF stock is selling for $21.70 a share.Ignoring transaction costs and taxes,what is your total profit on this investment?
A) $105
B) −$55
C) −$25
D) $55
E) $0
Correct Answer:
Verified
Correct Answer:
Verified
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