Question
Suppose you purchase seven put contracts on Testaburger Co. The strike price is $35, and the premium is $2.10. If, at expiration, the stock is
| Suppose you purchase seven put contracts on Testaburger Co. The strike price is $35, and the premium is $2.10. If, at expiration, the stock is selling for $27 per share, what are your put options worth? What is your net profit? (Omit the "$" sign in your response.) |
| Put options worth | $ |
| Net profit | $ |
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Trade Union Finance
Authors: Marick F. Masters, Raymond Gibney
1st Edition
1032371382, 978-1032371382
