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

Question

Quizplus · Accepted Answer

The Answer of 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

Today, You Purchased One Share of MULA Stock at a Market