Today, you purchased one share of MULA stock at a market price of $41 a share. You also purchased a one-year 40 put on one share of MULA. The option quote was $.50. What is the maximum amount you can lose over the next year?
A) -$2.50
B) -$2.00
C) -$1.50
D) -$1.00
E) -$.50
Correct Answer:
Verified
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