You Purchased a Put with a Strike Price of $37

question 4

Multiple Choice

You purchased a put with a strike price of $37.5 and an option premium of $0.45.You simultaneously bought the stock at a price of $36 a share.What is your profit per share on these transactions if the stock price at expiration is $33.50?

• A) -$1.15
• B) -$0.15
• C) $0.15
• D) $0.75
• E) $1.05

---

Definitions:

Age Groups

Social divisions based on age, used to organize individuals within a community or society for various roles and responsibilities.

Cultural Universal

Aspects or practices that are common to all human cultures worldwide, despite their vast diversities.

Dalit

A term for individuals belonging to the lowest caste in India, historically subjected to discrimination and social exclusion.