Question
Suppose you purchase ten put contracts on Testaburger Co. The strike price is $45, and the premium is $3.00. If, at expiration, the stock is
Suppose you purchase ten put contracts on Testaburger Co. The strike price is $45, and the premium is $3.00. If, at expiration, the stock is selling for $41 per share, what are your put options worth? What is your net profit? (Omit the "$" sign in your response.)
Put options worth $ ?
Net profit $ ?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
