Question
One month ago you purchased a put option on the S&P500 Index with an exercise price of $890.00. Today is the expiration date, and the
One month ago you purchased a put option on the S&P500 Index with an exercise price of $890.00. Today is the expiration date, and the index is at $891.96.
a. Will you exercise the option?
(Click to select) No Yes
b. What will be your profit? (Enter 0 if there is no profit or return from not exercising the option. Round your answer to 2 decimal places.)
Profit $
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
