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Gerold Purchased 3 Put Option Contracts at an Option Premium

Question 57

Multiple Choice

Gerold purchased 3 put option contracts at an option premium of $0.95 and a strike price of $40.At expiration,the stock price was $42.25 per share.What is his percentage return?


A) -100 percent
B) 0 percent
C) 15.79 percent
D) 21.62 percent
E) 31.58 percent

Correct Answer:

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