Multiple Choice
Suppose you have a put option that allows you to sell 100 shares of Alcan for $54.50 per share any time before October 2013.If the stock price falls to $45.00 per share,your profit is
A) $9.50
B) $54.50
C) $950.00
D) $45.00
E) $0.00
Correct Answer:
Verified
Correct Answer:
Verified
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