The 4750 Put on a Stock Is Trading at 1

question 78

Multiple Choice

The 47.50 put on a stock is trading at 1.32 bid and 1.37 ask. To buy one option contract, you must pay ________ at the time the contract is purchased.

• A)$1.32
• B)$132.00
• C)$137.00
• D)$4,613.00
• E)$4,882.00