Three Weeks Ago,you Purchased a July 45 Put Option on RPJ

question 104

Multiple Choice

Three weeks ago,you purchased a July 45 put option on RPJ stock at an option price of $3.20.The market price of RPJ stock three weeks ago was $42.70.Today,RPJ stock is selling at $44.75 a share and the July 45 put is priced at $.80.What is the intrinsic value of your put contract?

• A)$295
• B)$210
• C)$0
• D)$25
• E)$110

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Definitions:

Position Power

The authority associated with the leader’s formal position in the organization.

Emotional Control

The ability to manage and regulate one's own emotional responses.

Warm Working Relationships

professional relationships characterized by friendliness, support, and mutual respect among colleagues.

Mutual Trust

A reciprocal belief in the reliability, truth, ability, or strength of individuals or groups, fostering cooperative relationships.