A three$-$month European put option with a strike of price $$14$ costs $$0\mathrm{.}9.$ The price of the underlying asset is $$15.$ An investor forms a covered put strategy. Suppose that at maturity, the price of the underlying asset is $$12.$ What is the profit$/$loss per share from this strategy?

Question $10$Answer

a$.$

$$1\mathrm{.}90$

b$.$

$$-3\mathrm{.}90$

c$.$

$$-1\mathrm{.}90$

d$.$

$$-10\mathrm{.}10$

e$.$

$$3\mathrm{.}90$