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You Own 10 Put Option Contracts on JL Industrial Stock

question 18

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You own 10 put option contracts on JL Industrial stock. You paid an option premium of $.75 for a strike price of $26.25. On the option expiration date, the stock was selling for $25.15 a share. What is your percentage return?


Definitions:

The Body

is the physical structure, including all its organs and tissues, of a living organism, especially that of a human or animal.

Uterine Tubes

The uterine tubes, also known as fallopian tubes, are the ducts through which eggs travel from the ovaries to the uterus.

Infundibulum

A funnel-shaped structure, such as the stalk connecting the pituitary gland to the hypothalamus, or the distal end of the fallopian tubes.

Ampulla

An enlargement of a duct or canal that can store or slow the flow of fluids, found in various anatomical locations.

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