You Recently Purchased Three Put Option Contracts on Guillepsi Stock

question 44

Multiple Choice

You recently purchased three put option contracts on Guillepsi stock with an exercise price of $42.50. What is the total intrinsic value of these contracts if the stock is currently selling for $43.70 a share?

• A)-$360
• B)-$120
• C)$0
• D)$120
• E)$360

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