Jennifer Purchased 3 Put Option Contracts on Winslow Mfg

question 102

Multiple Choice

Jennifer purchased 3 put option contracts on Winslow Mfg. stock. The option premium was $.75 and the strike price was $27.50. On the expiration date, the stock was selling for $27.75 a share. What is the total payoff on the option contracts?

• A)−$100
• B)−$50
• C)$0
• D)$50
• E)$150

Analyze the responses to complaints of abuse and unethical behavior within correctional facilities.

Discuss the impact of oversight bodies on correctional institutions.

Examine the influence of guard and officer subcultures on behavior both on and off the job.

Explore the ethical challenges and debates in probation and parole services.

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Definitions:

Term Bond

A bond that reaches its maturity date at the same time, where the principal amount is due in a lump sum at the end.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the issuer's equity at certain times during its life, usually at the discretion of the bondholder.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily align with the calendar year.

Semiannual Interest

Interest that is calculated and paid twice a year, often used in the context of bonds or loans.