Today, you purchased 100 shares of Lazy Z stock at a market price of $47 per share. You also bought a one year, $45 put option on Lazy Z stock at a cost of $0.15 per share. What is the maximum total amount you can lose on these purchases?
A) -$4,715
B) -$4,685
C) -$4,015
D) -$215
E) -$0
Correct Answer:
Verified
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