You own 5 put option contracts on JL Industrial stock.You paid an option premium of $1.15 for a strike price of $27.50.On the option expiration date,the stock was selling for $24.00 a share.What is your percentage return?
A) -100 percent
B) -18.75 percent
C) 71.26 percent
D) 194.00 percent
E) 204.00 percent
Correct Answer:
Verified
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