You Purchased Eight Put Option Contracts with a Strike Price

question 82

Multiple Choice

You purchased eight put option contracts with a strike price of $30 and a premium of $1.10.What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $26.50 a share?

• A) $23,120
• B) $24,700
• C) $25,740
• D) $26,340
• E) $26,400

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