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What is the cost of four October 40 put option contracts on a stock given the following price quotes? Stock price $40.86 Expiration: Strike Call

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What is the cost of four October 40 put option contracts on a stock given the following price quotes? Stock price $40.86 Expiration: Strike Call bid Call ask Put bid Put ask Jul 35 6.03 6.12 0 0 Oct 35 6.17 6.26 0 0 Jul 40 1.06 1.14 .05 .08 Oct 40 1.23 1.31 .22 .26 Jul 45 0 0 5.13 5.25 Oct 45 0 0 5.46 5.50 $88 . $22 B. $240 $26 D. E. $104

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