Kim Lee Purchased 6 Put Option Contracts on Eastern Imports

question 107

Multiple Choice

Kim Lee purchased 6 put option contracts on Eastern Imports stock at a strike price of $47.50. The option premium was $.65. At expiration, the stock was valued at $44.90 a share. What is her percentage return?

• A)−100.00%
• B)0%
• C)5.47%
• D)32.82%
• E)300.00%

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