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    Fundamentals of Corporate Finance Study Set 12
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    Exam 13: Risk and the Pricing of Options
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    A Put Option on a Stock Has an Exercise Price
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A Put Option on a Stock Has an Exercise Price

Question 19

Question 19

Multiple Choice

A put option on a stock has an exercise price of $31.If the stock price at expiration is $29.45,what is the option payoff for a long put position?


A) $29.45
B) $0
C) $1.55
D) -$1.55
E) -$29.45

Correct Answer:

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