A 6-Month Put Option on Makler Corp

question 25

Multiple Choice

A 6-month put option on Makler Corp.'s stock has a strike price of $45 and sells in the market for $8.90.Makler's current stock price is $41.What is the exercise value of the option?

• A)$2.62
• B)$2.92
• C)$3.24
• D)$3.60
• E)$4.00

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Definitions:

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An item or aspect that, though part of a system or process, is not essential to its fundamental operation or success.

Steam Sterilization

A method of sterilization using saturated steam under pressure to eliminate all forms of microbial life, including spores.

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