Multiple Choice
Tim purchased 5 put option contracts on Western Fields stock. The strike price was $35 and the option premium was $.55. At expiration, the stock was selling for $35.75. What is the payoff on the option contracts?
A) −$60
B) −$30
C) $0
D) $30
E) $60
Correct Answer:
Verified
Correct Answer:
Verified
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