Question
You purchase 5 IBM July put contracts with a strike price of $120 for a premium of $3.22. You hold the option until the expiration
You purchase 5 IBM July put contracts with a strike price of $120 for a premium of $3.22. You hold the option until the expiration date, when IBM stock sells for $116.09 per share.
You will realize a total profit of______ on this investment.
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
