You Purchased Six Put Option Contracts with a Strike Price

question 34

Multiple Choice

You purchased six put option contracts with a strike price of $45 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 $42.90 a share?

• A)$23,660
• B)$24,700
• C)$25,740
• D)$26,340
• E)$26,400

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