Multiple Choice
Gerold purchased 3 put option contracts at an option premium of $.95 and a strike price of $40. At expiration, the stock price was $42.25 per share. What is his percentage return?
A) −100.00%
B) 0%
C) 15.79%
D) 21.62%
E) 31.58%
Correct Answer:
Verified
Correct Answer:
Verified
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