Question
You write one MBI July 120 put contract (equaling 100 shares) for a premium of $5. The option is held until the expiration date, when
You write one MBI July 120 put contract (equaling 100 shares) for a premium of $5. The option is held until the expiration date, when MBI stock sells for $123 per share. You will realize a ______ on the investment.
Multiple Choice
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$300 loss
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$300 profit
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$500 profit
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$800 profit
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
