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?

• A) $13,680
• B) $14,700
• C) $15,740
• D) $16,340
• E) $16,400

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Definitions:

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A marketing strategy that involves dividing a broad market into subsets of consumers, determining which segment(s) to pursue, and implementing strategies to appeal to them.

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