You Recently Purchased Three Put Option Contracts on Guillepsi Stock

question 17

Multiple Choice

You recently purchased three put option contracts on Guillepsi stock with an exercise price of $42.50.What is the total intrinsic value of these contracts if the stock is currently selling for $45 a share?

• A)-$360
• B)-$120
• C)$0
• D)$120
• E)$360

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Definitions:

Social Deprivation

The lack of socially nurturing environments and relationships, which can lead to adverse effects on development and well-being.

Adult Criminals

Individuals beyond the age of majority who engage in conduct that is considered an offense and punishable by law.

Material Goods

Physical items that are produced, bought, or sold to satisfy needs and desires, including consumer goods.

Social Interest

Concern for the welfare of others and one's community as a guiding principle of behavior.