Question
You buy one MBI July 120 put option (equaling 100 shares) for a premium of $4. You hold the option until the expiration date, when
You buy one MBI July 120 put option (equaling 100 shares) for a premium of $4. You hold the option until the expiration date, when MBI stock sells for $121 per share. You will realize a ______ on the investment.
| A. | $100 profit | |
| B. | $400 loss | |
| C. | $300 loss | |
| D. | $400 profit |
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Connect Online Access For Foundations Of Financial Management
Authors: BLOCK
18th Edition
1266037829
