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You Purchased Four Put Option Contracts with a Strike Price

question 40

Multiple Choice

You purchased four put option contracts with a strike price of $35 and a premium of $0.80.What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $31.50 a share?


Definitions:

Prejudice

An antipathy or negative feeling, either expressed or not expressed, based on a faulty and inflexible generalization that places a group of people at some disadvantage not merited by their actions.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Cultural Ally

A White person who actively works to eliminate racism.

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner against a group or individual.

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