Question
One month ago you purchased a put option on the S&P500 Index with an exercise price of $920.00. 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 $920.00. Today is the expiration date, and the index is at $905.46.
a. Will you exercise the option?
(Click to select)YesNo
b. What will be your payoff? (Enter 0 if there is no profit or return from not exercising the option. Round your answer to 2 decimal places.)
payoff $
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
