You Purchased Four Put Option Contracts with a Strike Price

question 84

Multiple Choice

You purchased four put option contracts with a strike price of $34.5 and a premium of $.85. What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $31.50 a share?

• A)$13,460
• B)$13,700
• C)$15,740
• D)$16,340
• E)$16,400

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