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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Definitions:

Needs

Something that is necessary to survive or thrive.

Need

A requirement essential for an organism's survival, growth, or well-being.

Physiological Needs

Basic physical requirements including air, water, food, shelter, and sleep, necessary for human survival.

Breathing

The process of inhaling and exhaling air through the respiratory system, essential for providing oxygen to the body's cells and removing carbon dioxide.