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20. XYZ stock is currently trading at a market price (S) of $50. You do not own the stock, but you are long a put
20. XYZ stock is currently trading at a market price (S) of $50. You do not own the stock, but you are long a put option on 1 share with a strike price (X) of $43. The put cost (premium) was \$2. What is the profit or loss of the strategy the stock's price is $45 on the expiration date? * (5 Points) $1 Loss \$2 Loss \$11 Profit \$12 Profit 21. XYZ stock is currently trading at a market price (S) of $50.Youdonotownthestock,buty are long a put option on 1 share with a strike price (X) of $43. The put cost (premium) was Yes No
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