You Bought a Put Option Contract with a Strike Price

question 41

Multiple Choice

You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?

• A)$3,680
• B)$3,930
• C)$3,570
• D)$3,330
• E)$3,320

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Definitions:

Majority Group

A social group that controls the majority of economic, political, and social resources, often exerting power over minority groups.

Household Responsibilities

Tasks and activities associated with managing and maintaining a home, such as cleaning, cooking, and managing finances.

Self-Disclosure

The act of revealing personal, private, or sensitive information about oneself to others, facilitating greater intimacy and trust in relationships.

Relational Aggression

Nonphysical acts aimed at harming a person’s connections with others, such as by exclusion and rumor spreading.