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You Purchased a Put with a Strike Price of $37

Question 90

Multiple Choice

You purchased a put with a strike price of $37.5 and an option premium of $0.45.You simultaneously bought the stock at a price of $36 a share.What is your profit per share on these transactions if the stock price at expiration is $33.50?


A) -$1.15
B) -$0.15
C) $0.15
D) $0.75
E) $1.05

Correct Answer:

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