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You sold five put contracts on CTB stock at an option price per share of $1.90. The options have an exercise price of $45 per
You sold five put contracts on CTB stock at an option price per share of $1.90. The options have an exercise price of $45 per share. The options were exercised today when the market price was $39 a share. What is your net profit or loss on this investment? Ignore transaction costs and taxes.
A. -$410
B. -$2,050
C. $3,000
D. $2,850
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