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If the stock price becomes $65 at expiration, which option will yield the highest rate of return (=profit / cost)? A. put option with $70
If the stock price becomes $65 at expiration, which option will yield the highest rate of return (=profit / cost)?
A. put option with $70 exercise price, cost = $4
B. put option with $80 exercise price, cost = $8
C. put option with $90 exercise price, cost = $15
D. underlying stock, cost = $80
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