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Pierre purchases a put option on Altec that has a strike price of $12 and a premium of $3. Altec's stock price is now at
Pierre purchases a put option on Altec that has a strike price of $12 and a premium of $3. Altec's stock price is now at $5. What is the MAXIMUM profit that Pierre can hope to earn on this put option?
| $5 | ||
| $8 | ||
| $9 | ||
| $10 | ||
| $11 | ||
| Unlimited - there is no limit to Pierre's profit |
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ONE WORD FROM GOD CAN CHANGE YOUR FINANCES
Authors: Ken Copeland
1st Edition
1575629585, 978-1575629582
