Question
Three months ago, you purchased three put option contracts on WXX stock with a strike price of $60 and an option price of $.50. The
Three months ago, you purchased three put option contracts on WXX stock with a strike price of $60 and an option price of $.50. The option expires today when the value of WXX stock is $52.40. Ignoring trading costs and taxes, what is your total profit on your investment?
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Financial Management Principles And Applications
Authors: Sheridan Titman
9th Edition
0655705457, 9780655705451
