You Purchased 600 Shares of SLG,Inc

question 29

Multiple Choice

You purchased 600 shares of SLG,Inc.stock at a price of $41.20 a share.You then purchased put options on your shares with a strike price of $45.00 and an option premium of $1.10.At expiration,the stock was selling for $48.30 a share.You sold your shares on the option expiration date.What is your net profit or loss your transactions related to SLG,Inc.stock?

• A)$2,650
• B)$3,250
• C)$3,600
• D)$4,150
• E)$4,300

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Definitions:

Import Quotas

A government-imposed limit on the quantity of a particular good that can be imported into a country during a specified period of time.

Protected Goods

Goods that are safeguarded from competition by trade barriers such as tariffs or quotas.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country, used to protect domestic industries.

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