Jennifer Purchased 4 Put Option Contracts on Winslow Mfg

question 85

Multiple Choice

Jennifer purchased 4 put option contracts on Winslow Mfg.stock.The option premium was $0.25 and the strike price was $17.50.On the expiration date,the stock was selling for $17.75 a share.What is the total payoff on the option contracts?

• A)-$100
• B)-$50
• C)$0
• D)$50
• E)$150

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Definitions:

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues and secondary sexual characteristics.

Male Genitals

The reproductive organs of the male species, generally including the penis, testicles, and associated structures.

Female Genitals

The external and internal reproductive organs in females, involved in sexual pleasure, reproduction, and childbirth.

Intersexed Individuals

persons born with physical sex markers (genitals, hormones, gonads, or chromosomes) that do not fit typical definitions for male or female categories.