USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 89

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the following information on put and call options for a common stock.

-Refer to Exhibit 16.7. Calculate the net value of a protective put position at an expiration stock price of $20.

• A) $2.85
• B) $17.15
• C) $19.85
• D) $21.65
• E) $22.85

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