What Is the Cost of Two November $25 Put Option

question 84

Multiple Choice

What is the cost of two November $25 put option contracts on Dove stock given the following price quotes?

• A) $0.15
• B) $0.30
• C) $1.50
• D) $15.00
• E) $30.00

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Definitions:

Existing

Currently in place or in existence; something that is present or alive at the current moment.

Parties Agree

A mutual understanding or concurrence between two or more parties regarding the terms of a contract or agreement.

Risk Of Loss

The liability for damage, loss, or destruction of goods assumed by a party in a contract.

Sales Contract

A legal agreement between a buyer and a seller which outlines the terms and conditions of the sale of goods or services.