Multiple Choice
Ahmad bought put options on Verizon with a striking price of $32.The option premium was $2.50.Just before the contract expired,Verizon stock 30.50 per share.Ahmad:
A) made a profit of $1.50 per share.
B) lost $2.50 per share because the option would not be exercised.
C) lost $0.50 per share.
D) lost $1.50 per share.
Correct Answer:
Verified
Correct Answer:
Verified
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