Question
The following table provides put option data for Ashsteel Inc. (expiration in September). Each contract is for 100 options. Contract Strike Bid Ask % change
The following table provides put option data for Ashsteel Inc. (expiration in September). Each contract is for 100 options.
| Contract | Strike | Bid | Ask | % change |
| ASIUW.X | 190 | 3.85 | 4 | 3.74 |
| ASIUG.X | 192 | 5.25 | 5.5 | 1.76 |
| ASIUM.X | 195 | 7 | 7.5 | 6.24 |
| ASIUK.X | 200 | 11.05 | 11.55 | 5.64 |
How many contracts do you need to buy to obtain the right to sell 900 shares?
How much does it cost to obtain the right to sell 900 shares for $195 each?
Which put contract of the 4 above is selling at the lowest price?
ASIUM.X
ASIUK.X
ASIUW.X
ASIUG.X
Which put contract of the 4 above is selling at the highest price?
ASIUG.X
ASIUW.X
ASIUM.X
ASIUK.X
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
