Question
An investor purchased a share of stock for $42 and at the same time paid $2 to purchase a put option on the stock with
An investor purchased a share of stock for $42 and at the same time paid $2 to purchase a put option on the stock with an exercise price of $40. What is her profit or loss if the stock Is worth $30 at expiration?
1. $6 2. -$6 3. -$4 4. $4
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Stocks For The Long Run
Authors: Jeremy Siegel
6th Edition
1264269803, 978-1264269808
