Suppose That a Stock Sells at a Price of $60

question 35

Multiple Choice

Suppose that a stock sells at a price of $60 on the expiration date. Compute the payoff to the seller of a put option if the option strike price is $20.

• A) -$20
• B) -$10
• C) 0
• D) $40

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Definitions:

Account Representative

An employee responsible for managing and maintaining the relationship between a business and its clients or customers.

Industrial Products Salesperson

A sales professional specialized in selling goods and services used in production and manufacturing processes to businesses.

Detail Salesperson

A sales professional who emphasizes product features, benefits, and details to effectively convince prospects.

Account Representative

An individual responsible for managing and maintaining the relationship between a company and its clients.