Question
The ABC Company expects stock prices to decrease. The current stock price is $96. The company purchases a put option, with exercise price of $93
The ABC Company expects stock prices to decrease. The current stock price is $96. The company purchases a put option, with exercise price of $93 and a premium of $3 per share. What is the break-even price for the underlying stock at expiration?
$90 $91 $92 $93 $94
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Regulation Of Securities Markets And Transactions
Authors: Patrick S. Collins
1st Edition
0470601965, 978-0470601969
