Question
You take a long position in one XYZ October 55 put contract for a premium of $1.1. You hold the option until the expiration date,
You take a long position in one XYZ October 55 put contract for a premium of $1.1. You hold the option until the expiration date, when XYZ stock sells for $53 per share.
What is your profit on this investment on a per share basis? (Round answer to 2 decimal places, do not round intermediate calculations)
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
