Question
You wrote two put options (each on 100 shares) on EZ stock with an exercise price of $25 per share and an option price of
You wrote two put options (each on 100 shares) on EZ stock with an exercise price of $25 per share and an option price of $1.15 per share. Today, the contracts expire and the stock is selling for $26.15 a share. What is your net profit or loss on this investment? Ignore trading costs and taxes.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
