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
A) $500 profit
B) $300 profit
C) $800 profit
D) $300 loss
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
