Question
Jose sells 10 VNC December 27.50 puts at a premium of $2.50 to establish a cash-secured put write when VNC shares are selling at $27
Jose sells 10 VNC December 27.50 puts at a premium of $2.50 to establish a cash-secured put write when VNC shares are selling at $27 a share. If Jose is assigned on his put position, what is his effective purchase price on the VNC shares?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
