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An investor buys 100 shares of SUNCOR for $40.00/share and sells a 3 -month put with a striking price of $35.00 for $3.00. If the

An investor buys 100 shares of SUNCOR for $40.00/share and sells a 3 -month put with a striking price of $35.00 for $3.00. If the stock drops to $30.00 on the last trading day of the contract the gross loss if she closes out her position is: Select one:

a. -$1000 b. -$1500 c. -$1200 d. -$1800

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