Ahmad bought put options on Wesfarmers with a striking price of $50.The option premium was $2.64.Just before the contract expired,Wesfarmers shares were at 51.39 each.Ahmad
A) made a profit of $1.39 per share.
B) lost $2.64 per share because the option would not be exercised.
C) lost $1.39 per share.
D) lost $1.20 per share.
Correct Answer:
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