Suppose That You Find That YBM's October 100 Put Has

Suppose that you find that YBM's October 100 put has an ask price of $4.10 and a bid price of $4.00.If you want to buy these put options to protect your holding of 400 YBM shares from declining,what is your total cost including commission? Assume that the broker charges a commission equal to a flat fee of $15 plus $2 per contract.

A) $1,623
B) $1,647
C) $1,655
D) $1,663
E) None of these answers are correct.