What Is the Cost of Two November $25 Put Option

question 11

Multiple Choice

What is the cost of two November $25 put option contracts on Dove stock given the following price quotes?

• A)$0.15
• B)$0.30
• C)$1.50
• D)$15.00
• E)$30.00

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Definitions:

Master Gene

Gene encoding a product that affects the expression of many other genes.

Lactose

A disaccharide sugar composed of glucose and galactose, commonly found in milk and dairy products.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands, which females use to feed their young.

Milk

A nutrient-rich fluid produced by the mammary glands of female mammals, serving as the primary source of nutrition for their young.